$TLRD (Tailored Brands, Inc.)

$TLRD {{ '2016-09-08T14:40:50+0000' | timeago}} • Announcement

Specialty apparel retailer $TLRD's 2Q16 earnings dropped by 47.7% due to lower sales as well as higher costs and expenses. Net income fell to $24.98MM or $0.51 per share from $47.78MM or $0.98 per share last year. Net sales slid 1.13% to $909.68MM. Non-GAAP EPS decreased to $0.99 from $1.07.

$TLRD {{ '2017-09-14T20:26:11+0000' | timeago}} • Announcement

$TLRD declared a quarterly cash dividend of $0.18 per share payable on December 22, 2017 to shareholders of record at the close of business on December 12, 2017.

$TLRD {{ '2017-09-07T20:43:10+0000' | timeago}} • Announcement

For FY17, $TLRD continues to expect comparable sales for Men's Wearhouse to be down low-single digits, Jos. A. Bank to increase mid-single digits, and K&G to be down mid-single digits. The company now expects comparable sales for Moores to be down low-single digits, compared to prior estimate of down mid-single digits.

$TLRD {{ '2017-09-07T20:41:40+0000' | timeago}} • Announcement

$TLRD narrowed its FY17 EPS outlook to $1.42-1.62 from $1.37-1.67 and its adjusted EPS guidance to $1.65-1.85 from $1.60-1.90. The company continues to expect the effective tax rate to be about 33% and capital expenditures of about $90MM.

$TLRD {{ '2017-09-07T20:38:15+0000' | timeago}} • Announcement

$TLRD's Moores comparable sales for 2Q17 increased 0.3%. The increase in comparable sales at Moores was primarily due to increases in both average unit retail and transactions that more than offset a decrease in units per transaction.

$TLRD {{ '2017-09-07T20:38:04+0000' | timeago}} • Announcement

$TLRD's Jos. A. Bank comparable sales for 2Q17 increased 7.8% primarily due to an increase in transactions and units per transaction that more than offset a decrease in average unit retail. However, K&G comparable sales fell 1.7% primarily due to lower transactions partially offset by an increase in units per transaction and average unit retail.

$TLRD {{ '2017-09-07T20:37:52+0000' | timeago}} • Announcement

$TLRD's comparable sales at Men's Wearhouse for 2Q17 fell 2.2%. This resulted primarily from a decrease in transactions and a slight decrease in units per transaction partially offset by an increase in average unit retail. Comparable rental services revenue decreased 2.1%.

$TLRD {{ '2017-09-07T20:37:36+0000' | timeago}} • Announcement

$TLRD's retail net sales for 2Q17 decreased by 4.5% primarily due to the impact of last year's store closures, with comparable retail segment net sales up 0.1%. Corporate apparel net sales plunged 27.3%, in line with expectations, primarily due to last year's anniversary rollout of a large new uniform program.

$TLRD {{ '2017-09-07T20:36:42+0000' | timeago}} • Announcement

$TLRD reported a jump in 2Q17 earnings driven by lower costs and expenses as well as gain on debt extinguishment. Net income climbed to $58.47MM or $1.19 per share from $24.98MM or $0.51 per share last year. However, net sales dropped 6.5% to $850.76MM due to lower retail sales and a dip in corporate apparel net sales.

$TLRD {{ '2017-09-06T22:32:44+0000' | timeago}} • Announcement

$TLRD appointed Frank Hamlin as EVP & Chief Marketing Officer and Boris Sherman as EVP & Chief Technology Officer. Mr. Hamlin will report to CEO Doug Ewert and Mr. Sherman will report to President and COO Bruce Thorn. Mr. Hamlin joins $TLRD from GameStop Corp. while Mr. Sherman joins the company from L Brands.

$TLRD {{ '2017-08-30T20:41:09+0000' | timeago}} • Webcast

Apparel store operator $TLRD has named Sue Gove to its BoD. Gove, who currently serves on the boards of AutoZone and Iconix Brand Group, will also join the audit committee of Tailored Brand. Earlier, she had served on the boards of GolfSmith and Zale Corporation.

$TLRD {{ '2017-06-16T12:30:50+0000' | timeago}} • Announcement

$TLRD BoD declared a quarterly cash dividend of $0.18 per share. The dividend is payable on Sept. 22, 2017 to shareholders of record at the close of business on Sept. 12, 2017.

$TLRD {{ '2017-06-07T22:05:36+0000' | timeago}} • Webcast

$TLRD sees an opportunity to close 10 Jos. A. Bank stores in 2017. The company evaluates each store as it comes up for lease renewal. $TLRD believes that long-term, as custom becomes a larger portion of the business, there will be an opportunity to reduce square footage footprint and inventory although this may not include store closures.

$TLRD {{ '2017-06-07T21:40:27+0000' | timeago}} • Webcast

During 1Q17, $TLRD’s total gross margin dollars were down $18MM while gross margin rate increased 20BP to 42.6%. Retail gross margin rate increased 30BP to 43.9%. Advertising expense was lower than last year by $5.7MM.

$TLRD {{ '2017-06-07T21:35:45+0000' | timeago}} • Announcement

$TLRD reaffirmed its EPS outlook for fiscal 2017 of $1.37 and $1.67, and adjusted EPS of $1.60 and $1.90. The company continues to expect comparable sales for the Men's Wearhouse segment to be down low-single digits, Jos. A. Bank to increase mid-single digits, and Moores and K&G to be down mid-single digits.

$TLRD {{ '2017-06-07T21:33:06+0000' | timeago}} • Announcement

$TLRD's retail segment registered a 5.3% annual decline in 1Q17 sales. Sales of Men’s Wearhouse dropped 4.9%, and those of Jos A Bank fell 6.3%. Sales of K&G and Moores decreased 6.4% and 5.6% respectively, while sales of MW Cleaners increased 4.4% YoY. The Corporate Apparel segment registered a 8% fall in sales.

$TLRD {{ '2017-06-07T21:29:03+0000' | timeago}} • Webcast

In 1Q17, $TLRD’s Corporate Apparel business was down 8%, primarily due to unfavourable currency fluctuations that were partially offset by slightly higher US sales. Retail segment net sales decreased by 5.3% due primarily to the impact of store closures in 2016 as well as comparable sales declines.

$TLRD {{ '2017-06-07T21:18:44+0000' | timeago}} • Announcement

Comparable store sales of $TLRD's Men's Wearhouse segment decreased 3.1% in 1Q17, while Jos. A. Bank comparable sales increased 3.5%. Comp sales of K&G dropped 7.4%, and those of Moores declined 5.3%.

$TLRD {{ '2017-06-07T20:53:28+0000' | timeago}} • Announcement

Apparel retailer $TLRD reported a net profit of $1.84MM or $0.04 per share in 1Q17, higher than $1.64MM or $0.03 per share posted last year. On adjusted basis, EPS edged down to $0.27 this year from $0.29 in 1Q16.  Net sales dropped 5.5% YoY to $782.91MM, owing mainly to lower comparable store sales and store closures.

$TLRD {{ '2017-05-04T18:31:43+0000' | timeago}} • Announcement

$TLRD said it expects to report FY17 diluted EPS in the range of $1.37-1.67, and adjusted diluted EPS of $1.60-1.90. This compares to previous guidance of diluted EPS in the range of $1.45-1.75.

$TLRD {{ '2017-05-04T18:29:51+0000' | timeago}} • Announcement

$TLRD said, excluding one-time charges of approx $17MM, it expects to report FY17 operating loss on the Macy's tuxedo rental business in the range of $7-8MM, compared with its previous outlook of an operating loss of $19-20MM.

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