Categories Consumer, Retail, U.S. Markets News

Tailored Brands stock drops to 17-month low

Tailored Brands (TLRD) stock fell to a 17-month low of $11.37 on Thursday as the specialty apparel retailer lowered its guidance for the fourth quarter and fiscal 2018. Investors remained concerned about the retail and corporate apparel company as they were unsatisfied with the forecast and the third quarter results.

A few traders have believed the stock to be a good investment and the current levels called for a buy. However, the majority of the analysts recommended a “hold” rating while expecting the stock to reach $20.33 in the next 52 weeks. The company and the retail sector have been facing challenges such as competitive pricing, marketing deficiency, and macro uncertainty, including trade tariffs and Brexit.

On Monday, Tailored Brands lowered its fourth-quarter outlook to reflect weaker-than-expected same-store sales at its Jos. A. Bank chain. The company also widened its adjusted loss per share guidance to the range of $0.34 to $0.29 per share from a prior range of $0.29 to $0.24 per share.

For the full year 2018, adjusted earnings guidance were reduced to the range of $2.25 to $2.30 per share from the previous range of $2.30 to $2.35 per share. Same-store sales were down 1.4% across the company for the holiday season. The company remained confident in its strategic initiatives for driving growth over the long term.

Analysts expect the company to report a loss of $0.29 per share on revenue of $788.7 million for the fourth quarter, and earnings of $2.30 per share on revenue of $3.24 billion for fiscal 2018.

Tailored Brands stock dips on weak Q3 revenue, guidance

In the recent third-quarter, earnings plunged 62% due to goodwill impairment charge as well as higher operating expenses. Retail net sales inched up 0.6% on higher retail clothing sales that drove positive 2.3% retail comparable sales. Brexit and the impact of weaker British pound have hurt corporate apparel net sales. The marketing strategies and not competitive pricing from department stores hurt the sales performance.

The stock is likely to remain choppy until the progress of management’s initiatives turned clear. The diminished price of the stock could be a tempting buy but analysts recommend investors not to satiate. For certain years, Tailored Brands has been struggling to reverse its sales after closing hundreds of stores and promotions cut back. The company has piled up a lot of debt due to its purchase of Jos. A. Bank in 2014.

Tailored Brands remained disappointed with the holiday sales report and lowered its forecast. Meanwhile, analysts believe that the guidance cut could be linked to the pulling back of spending by the consumers or management factoring in trade/China uncertainty. Traders fear that the mall retailers have been struggling against online e-commerce. The road could be tough as competition invariably increases.

Shares of Tailored Brands opened lower on Thursday but changed course to the green territory. The stock has fallen over 46% in the past year and over 50% in the past three months.

 

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text.

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Comments

  1. Pingback: Globalization
  2. Pingback: pharmacists
  3. Pingback: Future University
  4. Pingback: Computer Science
  5. Pingback: Tahya Misr Fund
  6. Pingback: fly pec machine
  7. Pingback: Fiverr Earn
  8. Pingback: fiverrearn.com
  9. Pingback: fiverrearn.com
  10. Pingback: fiverrearn.com
  11. Pingback: TLI
  12. Pingback: 3pl Broker
  13. Pingback: fiverrearn.com
  14. Pingback: fiverrearn.com
  15. Pingback: french bulldog
  16. Pingback: frenchton dog
  17. Pingback: isla paddle board
  18. Pingback: french bulldog
  19. Pingback: future university
  20. Pingback: agen multisbo
  21. Pingback: bulldogs puppy
  22. Pingback: Fiverr.Com
  23. Pingback: Fiverr.Com
  24. Pingback: Fiverr.Com
  25. Pingback: future university
  26. Pingback: six sigma
  27. Pingback: Warranty
  28. Pingback: FUE
  29. Pingback: FUE
  30. Pingback: Classic Books 500
  31. Pingback: FiverrEarn
  32. Pingback: FiverrEarn
  33. Pingback: FiverrEarn
  34. Pingback: Fiverr.Com
  35. Pingback: FiverrEarn
  36. Pingback: Coach
  37. Pingback: partners
  38. Pingback: FUE
  39. Pingback: Tips
  40. Pingback: FiverrEarn
  41. Pingback: live sex cams
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: french bulldog
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: serialebi qaerulad
  50. Pingback: filmebi qartulad
  51. Pingback: anniversary
  52. Pingback: Kuliah Termurah
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: cheap sex cams
  56. Pingback: fullersears.com
  57. Pingback: french bulldog buy
  58. Pingback: Freeze dried water
  59. Pingback: rare breed-trigger
  60. Pingback: Asesoria Fiscal
  61. Pingback: 늑대닷컴
  62. Pingback: Agen slot online
  63. Pingback: nang delivery
  64. Pingback: allgame
  65. Pingback: 918kiss
  66. Pingback: หวย24
  67. Pingback: Makeup tutorials
  68. Pingback: pg slot
  69. Pingback: carte uno reverse
  70. Pingback: megagame
  71. Pingback: SaaS Attorney
  72. Pingback: itsMasum.Com
  73. Pingback: MasumINTL.Com
  74. Pingback: ItMe.Xyz
  75. Pingback: FB URL Shortener
  76. Pingback: itme.xyz
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top