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TLRD - Tailored Brands: Down A Lot Recently But Holding Steady After 1QFY19 Earnings
Tailored Brands Inc.
On June 12, after market close, Tailored Brands, Inc. (NYSE:TLRD) reported 1QFY19 results. The stock finished more or less flattish the following day, but this is no consolation, as the stock has lost over 50% since the last earnings were reported in mid-March.
While there was nothing surprisingly good about the results, there was also no additional disappointing news. Guidance for next quarter has comps at Men’s Wearhouse holding steady at -4% yoy, so while it’s too early to see any type of turnaround in the top-line from management’s recent new strategies,