Jefferies Cuts Price Target on Tailored Brands (TLRD) to $14 After Missing 1Q EPS
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Tailored Brands, Inc. Reports Fiscal 2016 First Quarter Results
June 8, 2016 5:30 PM EDTFREMONT, Calif., June 8, 2016 /PRNewswire/ -- Tailored Brands, Inc. (NYSE: TLRD) today announced consolidated financial results for the fiscal first quarter ended April 30, 2016.
First quarter 2016 GAAP diluted earnings per share ("EPS") were $0.03 and adjusted diluted EPS(1) was $0.29 excluding certain items(1).
Doug Ewert, Tailored Brands president and chief executive officer stated, "Our first quarter results were mixed as we navigated the difficult consumer and retail environment and cycled a strong performance in last year's first quarter. Â While our net sales decline of 6.4% was slightly below our expectation, our focus on lowering... More
