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TLRD - Tailored Brands: A Continued Overreaction You Can Exploit
Tailored Brands Inc.
Source: TLRD website
On March 13, Tailored Brands (NYSE:TLRD) released 4QFY18 results. The quarter itself was not such a surprise since they had provided an updated outlook on January 14. What really sent investors running was the comps guidance for 1QFY19. The weakness they started to see in late 2018 at Men’s Wearhouse and Jos. A. Bank has now extended into 2019, causing comps guidance to come in at -4% at both brands. Because of this, the stock was punished with a whopping 25% decline. Due to the just-announced multi-year cost-saving