Market Overview

Tailored Brands Issues Weak Q3 Guidance, Suspends Dividend


Tailored Brands Inc (NYSE: TLRD) shares were halted around 2:31 p.m. Wednesday afternoon ahead of its second-quarter earnings release that was due out after the closing bell.

About 20 minutes ahead of the close, the company reported second-quarter adjusted earnings of 82 cents per share, beating estimates by 8 cents. Sales came in at $789.5 million, beating estimates by $321,000.

Tailored Brands issued weak third-quarter earnings guidance of 40-45 cents versus an 88 cent estimate and said it expects comparable sales in all segments to decrease.

Tailored Brands also suspended its quarterly dividend.

Tailored Brands shares were up 5.75% at $7.17 before being halted.

Posted-In: Earnings News Guidance Dividends


Related Articles (TLRD)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Berkeley Patients Group Launches '$1MM For Good' Philanthropy Campaign As It Marks 20th Anniversary

Survey: 40% Of Food Service Workers Say Drugs, Alcohol 'Part Of The Workplace Culture'