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Tailored Brands reports 4Q loss

HOUSTON (AP) _ Tailored Brands Inc. (TLRD) on Wednesday reported a loss of $30.1 million in its fiscal fourth quarter.

On a per-share basis, the Houston-based company said it had a loss of 62 cents. Losses, adjusted for non-recurring costs, were 19 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

The specialty apparel retailer posted revenue of $793.3 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $824.2 million.

For the year, the company reported net income of $25 million, or 51 cents per share, swinging to a profit in the period. Revenue was reported as $3.38 billion.

Tailored Brands expects full-year earnings to be $1.45 to $1.75 per share.

Tailored Brands shares have decreased 8.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.37, a climb of 38 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TLRD at https://www.zacks.com/ap/TLRD


Keywords: Tailored Brands, Earnings Report