Specialty apparel retailer Tailored Brands (TLRD) is scheduled to report its earnings results for the third quarter on Wednesday after the market close. The company is likely to benefit from brand marketing campaigns and positive comparable sales for all of its retail brands.
The company has a history of beating the analysts’ expectations in the past four quarters. The retailer is expected to post positive comparable sales for all of its retail brands. Brand marketing campaigns and enhanced omnichannel initiatives have been the main focus of the company from the previous quarter. And this could benefit the company in growing custom business and on increasing transactions.
The company’s top line is likely to be benefited by the rise in retail clothing sales and the shift in demand for weddings. At the Men’s Wearhouse, the increase in transactions and rise in average unit retail could drive comparable sales for clothing higher for the third quarter.
The weddings demand shift could drive comparable rental services revenue higher. Meanwhile, the company had expected roughly flat comparable rental services revenue at the Men’s Wearhouse in the third quarter. The increase in transactions could be the driving factor for comparable sales growths in Jos. A. Bank, K&G, and Moores.
Analysts, on average, expect the retailer to post earnings of $0.94 per share on revenue of $819.5 million for the third quarter. In comparison, during the previous year quarter, the company reported a profit of $0.75 per share on revenue of $810.82 million. Majority of the analysts recommended a “hold” rating on the stock with an average price target of $34.50.
For the second quarter, the company posted a 16% dip in earnings due to a decrease in rental services revenue, the earlier prom season, and a shift in demand for weddings to the third quarter. Total net sales fell 3.2% due to a decline in retail sales and lower corporate apparel sales.
For the full year 2018, Tailored Brands had expected adjusted earnings in the range of $2.35 to $2.50 per share. Comparable sales for Men’s Wearhouse, Jos. A. Bank, and Moores are predicted to be positive low-single digits. K&G comparable sales are anticipated to be flat-to-up slightly for the full year.
Shares of Tailored Brands opened higher on Tuesday but changed course during the mid-afternoon. The stock has fallen over 5% in the year so far and over 11% in the past three months.
Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,
MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth