TLRD - TLRD Stock Under Pressure: Disappointing Q3 Outlook & Dividend Suspension
Tailored Brands (NYSE:TLRD) felt the wrath of the market after reporting mixed second-quarter financial results compounded by a disappointing Q3 outlook. TLRD stock fell by more than 25% in the early session, as investors reacted to the company halting its dividend offering and lowering its profit outlook for the third quarter.
The company warned of lower sales across the board going forward, which also appears to have fuelled the sell-off.
Mixed Q2 EarningsSales in the second quarter dropped 4.1% to $789 million, in line with consensus estimates of $789 million. Comparable store sales ...
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