Men’s Wearhouse parent Tailored Brands stock rallies 22% after earnings

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Tailored Brands stock volatile after results beat, outlook doesn’t

Tailored Brands Inc. shares were volatile in the extended session Wednesday after the parent company for Men’s Wearhouse and Jos. A. Bank topped Wall Street expectations for the quarter but the outlook came up short. Tailored shares, which had been up as much as 20% after hours, were last up 1%, following an 8.2% decline in the regular session to close at $4.85. The company reported a third-quarter loss of $89.5 million, or $1.80 a share, compared with net income of $13.9 million, or 27 cents a share, in the year-ago period. Adjusted earnings were 53 cents a share. Revenue declined to $729.5 million from $751.7 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 43 cents on revenue of $715.4 million. For the fourth quarter, Tailored expects an adjusted loss of 55 cents to 50 cents a share, while analysts had forecast a loss of 36 cents a share.

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