Tailored Brands calls for lower profit in Q3, halts dividend
Tailored Brands Inc. stock was halted late Wednesday after the retailer, which owns Men's Wearhouse and other apparel brands, reported mixed second-quarter earnings, halted dividend, and called for lower profits in the third quarter. Tailored said it earned $34 million, or 68 cents a share, in the quarter, compared with $49 million, or 97 cents a share, a year ago. Adjusted for one-time items, Tailored earned $42 million, or 82 cents a share, compared with $1.07 a share a year ago. Sales fell 4.1% to $789.5 million... Читать дальше...