Tailored Brands (TLRD) Tops Q1 EPS by 6c, Q2 EPS Guidance Misses Views

Tailored Brands (NYSE: TLRD) reported Q1 EPS of $0.21, $0.06 better than the analyst estimate of $0.15. Revenue for the quarter came in at $781.4 million versus the consensus estimate of $776.22 million.

Comparable Sales

Men’s Wearhouse comparable sales decreased 4.5%. Comparable sales for clothing decreased primarily due to lower transactions and units per transaction, partially offset by an increase in average unit retail. Comparable rental services revenue decreased 6.0%, primarily reflecting the Easter shift and continuing trend to purchase suits for special occasions.

Jos. A. Bank comparable sales decreased 0.7% primarily from a decrease in both units per transaction and transactions partially offset by an increase in average unit retail.

K&G comparable sales decreased 0.5% primarily due to a decrease in transactions and units per transaction partially offset by an increase in average unit retail.

Moores comparable sales decreased 4.6% primarily due to a decrease in transactions and units per transaction partially offset by an increase in average unit retail.

GUIDANCE:

Tailored Brands sees Q2 2019 EPS of $0.65-$0.70 vs $0.95 expected.

Comparable Sales: The Company expects comparable sales for:

• Men’s Wearhouse to be down 3% to 5%
• Jos. A. Bank to be down 2% to 4%
• Moores to be down 2% to 4%
• K&G to be down 2% to flat.

For earnings history and earnings-related data on Tailored Brands (TLRD) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Movano (MOVE) Misses Q2 EPS by 195c
• Boost Run, Inc. (BRUN) Reports Q2 Revenue of $31.1M