Edition:
India

Tailored Brands Q3 Adjusted Earnings Per Share $1.01


Thursday, 13 Dec 2018 

Dec 12 (Reuters) - Tailored Brands Inc ::TAILORED BRANDS, INC. REPORTS FISCAL 2018 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.01.Q3 GAAP EARNINGS PER SHARE $0.27.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.30 TO $2.35.SEES Q4 2018 ADJUSTED LOSS PER SHARE $0.24 TO $0.29.Q3 2018 RETAIL SEGMENT COMPARABLE SALES UP 2.3%.QTRLY TOTAL NET SALES INCREASED 0.2% TO $812.7 MILLION.QTRLY MEN'S WEARHOUSE COMPARABLE SALES INCREASED 1.7%.QTRLY JOS. A. BANK COMPARABLE SALES INCREASED 3.8%.QTRLY MOORES COMPARABLE SALES INCREASED 1.2%.DURING Q3 , SALES, PROFITABILITY, CASH FLOW OF CORPORATE APPAREL SEGMENT UNDERPERFORMED VERSUS FORECAST.TAILORED BRANDS - PERFORMANCE OF CORPORATE APPAREL BUSINESS WAS, CONTINUES TO BE IMPACTED BY INCREASING UNCERTAINTY SURROUNDING BREXIT.TAILORED BRANDS - IN Q3, RECEIVED NOTIFICATION FROM SIGNIFICANT U.S. CUSTOMER OF DECISION NOT TO RENEW EXISTING AGREEMENT WITH US IN 2019.LOWERED FORECAST OF SALES, PROFITABILITY, CASH FLOW FOR CORPORATE APPAREL SEGMENT FOR Q4.TAILORED BRANDS - CONCLUDED CORPORATE APPAREL SEGMENT'S GOODWILL WAS FULLY IMPAIRED, RECORDED NON-CASH GOODWILL IMPAIRMENT CHARGE OF $24.0 MILLION IN Q3.EXPECTS 2018 CAPITAL EXPENDITURES OF ABOUT $90 MILLION VERSUS PREVIOUS GUIDANCE OF ABOUT $100 MILLION.CONTINUES TO EXPECT APPROXIMATELY NET 10 STORE CLOSURES IN 2018.FY EARNINGS PER SHARE VIEW $2.50, REVENUE VIEW $3.29 BILLION -- REFINITIV IBES DATA.