Tailored Brands Sees Q4 Adj. EPS $(0.55)-$(0.50) vs $(0.36) Est.

Q4 FISCAL 2019 OUTLOOK The Company’s outlook for the fourth quarter of fiscal 2019 related to continuing operations is as follows: Earnings per Share: The Company expects an adjusted diluted loss per share in

Benzinga · 12/11/2019 21:17

Q4 FISCAL 2019 OUTLOOK

The Company’s outlook for the fourth quarter of fiscal 2019 related to continuing operations is as follows:

  • Earnings per Share: The Company expects an adjusted diluted loss per share in the range of ($0.50) to ($0.55).
  • Comparable Sales: The Company expects comparable sales for:
    • Men’s Wearhouse to be down 1% to up 1%
    • Jos. A. Bank to be down 1% to up 1%
    • K&G to be flat to up 2%
    • Moores to be down 6% to 8%.
  • Effective Tax Rate: The Company expects an effective tax rate of 22% to 23%.
  • Real Estate: The Company expects net closures of five stores.
  • The Company’s outlook excludes expected costs for third party domain experts and other actions associated with its cost savings and operational excellence programs.