Tailored Brands beats by $0.07, reports revs in-line; guides Q4 EPS below consensus
- Reports Q3 (Oct) earnings of $1.01 per share, excluding non-recurring items, $0.07 better than the two analyst estimate of $0.94; revenues rose 0.2% year/year to $812.7 mln vs the $819.5 mln two analyst estimate. Retail comps +2.3%, Men's Wearhouse +1.7%, JAB +3.8%, K&G +4%, Moores +1.2%
- Co issues downside guidance for Q4, sees EPS of ($0.29-0.24) vs. ($0.01) two analyst estimate. The Company expects comparable sales for: Men's Wearhouse to be down low-single-digits Jos. A. Bank to be up low-single-digits Moores to be up low-single-digits K&G to be flat-to-up slightly.
- Lowers FY18 EPS to $2.30-2.35 from $2.30-2.50; lowers Men's Wearhouse to be flat-to-up slightly versus previous guidance of up low-single-digits; reaffirms Jos. A. Bank to be up low-single-digits
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