Edition:
India

Tailored Brands Qtrly ADJ SHR $0.82; Suspends Qtrly Cash Dividend


Thursday, 12 Sep 2019 

Sept 11 (Reuters) - Tailored Brands Inc ::TAILORED BRANDS, INC. REPORTS FISCAL 2019 SECOND QUARTER RESULTS.SEES Q3 2019 ADJUSTED EARNINGS PER SHARE $0.40 TO $0.45.Q2 ADJUSTED EARNINGS PER SHARE $0.82.Q2 GAAP EARNINGS PER SHARE $0.68.Q2 SALES FELL 4.1 PERCENT TO $789.5 MILLION.COMPANY TO REDEPLOY CAPITAL TO ACCELERATED DEBT REPAYMENT AND SHARE REPURCHASES.SUSPENDS QUARTERLY CASH DIVIDEND STARTING IN Q4 2019.QTRLY RETAIL NET SALES DECREASED 4.1% PRIMARILY DUE TO A DECREASE IN RETAIL SEGMENT COMPARABLE SALES OF 3.6%.QTRLY MEN'S WEARHOUSE COMPARABLE SALES DECREASED 4.3%.EXPECTS Q3 COMPARABLE SALES FOR MEN'S WEARHOUSE TO BE DOWN 3% TO 5%.SEES Q3 COMPARABLE SALES FOR JOS. A. BANK TO BE DOWN 2% TO 4%.SEES Q3 COMPARABLE SALES K&G TO BE DOWN 2% TO 4%.SEES Q3 COMPARABLE SALES FOR MOORES TO BE DOWN 4% TO 6%.COMPANY EXPECTS NET CLOSURES OF SEVEN STORES, ACROSS MEN'S WEARHOUSE AND JOS. A. BANK IN Q3. 

Company Quote

5.26
0.01 +0.19%
11:09pm IST