* Q1 EPS $0.10 vs est of break-even

* Sees Q2 EPS that could meet or beat expectations

* Expects Q2 SG&A to fall 6-8 pct

* To open up to 8 new stores in the year

* Shares up 9 pct (Recasts, adds analyst comment)

By Amitha Rajan

BANGALORE, June 8 (Reuters) - Men's Wearhouse (MW.N: Quote, Profile, Research) posted a better-than-expected quarterly profit, helped by lower expenses, and forecast second-quarter profit that could exceed analysts' estimates, sending its shares up nearly 9 percent.

Analyst Betty Chen of Wedbush Morgan Securities said the company was managing its promotional expenses well by sourcing its goods at attractive prices and that the closure of a manufacturing facility in Canada last year had also helped curtail costs.

Chen also said both the Men's Wearhouse and K&G divisions had performed well during the quarter. The Men's Wearhouse segment benefitted from the company's tailor clothing promotion of getting two pieces of clothing for the price of one, she added.