Edition:
India

Tailored Brands Reports Q2 Sales Fell 3.2 Pct To $823.4 Mln; Adj EPS Of $1.07


Thursday, 13 Sep 2018 

Sept 12 (Reuters) - Tailored Brands Inc ::TAILORED BRANDS, INC. REPORTS FISCAL 2018 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.07.Q2 GAAP EARNINGS PER SHARE $0.97.REAFFIRMS FY 2018 ADJUSTED EARNINGS PER SHARE VIEW $2.35 TO $2.50.Q2 SALES FELL 3.2 PERCENT TO $823.4 MILLION.INVENTORIES DECREASED $158.3 MILLION TO $786.5 MILLION AT END OF Q2 OF 2018, COMPARED TO END OF Q2 OF 2017.COMPANY CONTINUES TO EXPECT COMPARABLE SALES FOR MEN'S WEARHOUSE AND JOS. A. BANK TO BE POSITIVE LOW-SINGLE-DIGITS FOR FY 2018.FOR FY 2018 INCREASING ITS OUTLOOK FOR COMPARABLE SALES.INCREASING FY 2018 OUTLOOK FOR MOORES COMPARABLE SALES TO BE POSITIVE LOW-SINGLE-DIGITS, UP FROM FLAT-TO-UP SLIGHTLY.RAISING FY 2018 OUTLOOK FOR K&G COMPARABLE SALES TO BE FLAT-TO-UP SLIGHTLY, UP FROM FLAT-TO-DOWN SLIGHTLY.QTRLY MEN'S WEARHOUSE COMPARABLE SALES INCREASED 1.0% AND QTRLY JOS. A. BANK COMPARABLE SALES INCREASED 2.0%.QTRLY K&G COMPARABLE SALES INCREASED 3.5% AND QTRLY MOORES COMPARABLE SALES INCREASED 3.7%. 

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5.14
0.18 +3.63%
6 Dec 2019