U.S. Markets open in 1 hr 9 mins

Tailored Brands Down After Missing Second Quarter Earnings Guidance

Rob Lenihan

shares were down nearly 3% to $5.38 Thursday after the specialty retailer beat Wall Street's first-quarter earnings and sales expectations, but offered weak second quarter guidance. The Houston-based company, which owns such brands as Men's Wearhouse, Jos. A Bank, and Joseph Abboud, reported net earnings for the period of $7.1 million, or 14 cents a share, compared with $13.9 million, or 27 cents a share, a year ago.