Tailored Brands Inc. (NYSE: TLRD) is scheduled to report second quarter 2019 earnings results on Wednesday, September 11, after the market closes. Earnings are expected to decline 30% year-over-year to $0.74 per share while revenue is expected to fall 4% to $789.1 million.
Tailored Brands has seen its top and bottom line numbers drop due to lower demand and tough competition. There is pessimism surrounding the company’s growth prospects on grounds of a shift in customer preferences away from tailored suits. The impact of tariffs on the company’s business is another cause of concern.
Several analysts also believe that the acquisition of Jos. A. Bank has not been profitable for the company. However, there are those who remain optimistic about the company’s future citing its efforts to improve its product mix as well as boost its ecommerce capabilities in a rapidly evolving retail environment.
In August, Tailored Brands sold its corporate apparel business for $62 million. The company plans to use the proceeds for investments in business growth initiatives. The sale of this low-margin business is seen as a step in the right direction and this move is expected to free up cash for debt reduction.
In general, there is still some optimism in terms of Tailored Brands’ performance going forward as the company continues to invest in its business and make efforts to improve its operations.
In the first quarter of 2019, Tailored Brands’ revenue and earnings surpassed expectations despite declining on a year-over-year basis. Net sales fell 5% to $781.4 million while adjusted EPS declined 58% to $0.21. Comparable sales fell 3.2%. The company saw sales declines across all its segments.
For the second quarter of 2019, Tailored Brands expects net sales to range from $787-789 million and GAAP EPS to range from $0.64-0.66. Last month, the company raised its adjusted EPS outlook to a range of $0.78-0.80 versus the prior range of $0.65-0.70.
Comparable sales at Men’s Wearhouse are seen falling 3-5% and those of Jos. A. Bank by 2-4%. K&G same-store sales are expected to be down 2% to flat. Moores comparable sales are projected to decline in the 2-4% range.
Shares of Tailored Brands have fallen 60% year-to-date. The stock has an average 12-month price target of $7.
Tyson Foods, Inc. (NYSE: TSN) reported third quarter 2022 earnings results today. Sales rose to $13.5 billion from $12.5 billion in the same period a year ago. Net income attributable to
Yum! Brands, Inc. (NYSE: YUM) owns some of the most popular food brands and serves customers in almost every part of the world. Over the years, the company's leading segments
Shares of Starbucks Corporation (NASDAQ: SBUX) were down over 1% on Friday. The stock has dropped 27% year-to-date but has gained 11% over the past three months. Earlier this week