Why Shares of Tailored Brands Are Falling Today
Shares of Tailored Brands (NYSE: TLRD), the owner of the Men's Wearhouse and JoS. A. Bank chains, fell more than 10% on Thursday despite the men's fashion retailer reporting stronger-than-expected quarterly results. Investors appeared more focused on the company's guidance for future results, which was well below analyst forecasts.
After markets closed on Wednesday, Tailored Brands reported fiscal third-quarter adjusted earnings of $0.53 per share on revenue of $729.5 million, beating analyst expectations for per-share earnings of $0.42 on sales of $716 million. It's worth noting that analysts had been anticipating $0.88 earnings per share for the third quarter as recently as September, before the company guided to between $0.40 and $0.45 per share.
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Source Fool.com
