Tailored Brands (TLRD) reported earnings on Wed 13 June 18 (a/h)

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** charts after earnings **

 

Tailored Brands beats by $0.02, beats on revs; reaffirms FY19 guidance 

• Reports Q1 (Apr) earnings of $0.50 per share, excluding non-recurring items, $0.02 better than the two analyst estimate of $0.48; revenues rose 4.5% year/year to $818 mln vs the $794.05 mln two analyst estimate; retail segment comparable sales of 2.1%.
• Men's Wearhouse comparable sales increased 3.2%. Comparable sales for clothing increased primarily due to an increase in transactions, partially offset by a decrease in units per transaction, while average unit retail was flat. Comparable rental services revenue decreased 3.9%, primarily reflecting a continued shift to purchase suits for special occasions that more than offset the benefit of an earlier prom season.
• Jos. A. Bank comparable sales increased 1.2% primarily due to an increase in transactions and units per transaction that more than offset a decrease in average unit retail.
• Co reaffirms guidance for FY19, sees EPS of $2.35-2.50, excluding non-recurring items, vs. $2.49 two analyst estimate. The Company expects comparable sales for Men's Wearhouse and Jos. A. Bank to be positive low-single-digits, Moores comparable sales to be flat-to-up slightly and K&G comparable sales to be flat-to-down slightly.