Market Overview

Tailored Brands Issues Weak Q3 Guidance, Suspends Dividend

Share:

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!

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'