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2 Stocks Move Thursday

- By Omar Venerio

Shares of Tailored Brands Inc. (TLRD) jumped nearly 10% on Thursday after reporting second-quarter earnings per share of $1.07 on $823.43 million in revenue, reflecting a 3.2% year-over-year decline. The company fell $4.92 million short of revenue expectations, but earnings were in line with estimates.

The gross margin was $368.9 million, a decrease of $27.8 million as a result of the decline in net sales. As a percent of sales, the consolidated gross margin decreased 180 basis points to 44.8%.


Looking ahead, the company expects e arnings per s hare between $2.35 and $2.50. The company continues to expect comparable sales for Men's Wearhouse and Jos. A. Bank to be in the positive low-single-digits , but increased i ts outlook for Moores comparable sales to be positive low-single-digits and raised its outlook for K&G comparable sales to be flat to up slightly.

Shares of Oxford Industries Inc. (OXM) fell more than 0.5% T hursd ay after reporting second- quarter earnings per share of $1.83 on $ 30 2 . 64 m illion in revenue, a 6 . 3 % year-over-year growth . The company managed to beat earnings estimates by 2 cents, but fell $3. 48 million short of revenue expectations.

During the quarter, the g ross profit increased to $179.3 million form $166 million in the p rior-year quarter, reflecting higher sales and higher gross margin. The gross margin grew to 59.2% from 58.3% a year ago. The adjusted gross margin advanc ed 60 basis points to 59.4% .

Looking ahead to the t hird quarter, the c ompany expects year-over-year increases in direct-to-consumer sales and reductions in wholesale sales. The company expects n et sales to range from $235 million to $245 million. It projects GAAP e arnings per share between 7 cents and 1 7 cents . On an adjusted basis, earnings per share are expected to range from 10 cents to 20 cents.

D isclosure: The author holds no positions in any stocks mentioned .

This article first appeared on GuruFocus.