Shares of Tailored Brands Inc. dropped 19.9 percent after the company reported first-quarter results, even though it managed to beat Wall Street’s consensus estimates.
For the three months ended May 5, the parent company of Men’s Wearhouse and Jos. A. Bank said it had net income of $13.9 million, or 27 cents a diluted share, from net income of $1.8 million, or 4 cents, a year ago. Diluted earnings per share were 50 cents for the quarter on an adjusted basis. Net sales totaled $818 million, a 4.5 percent increase from $782.9 million a year ago. Excluding income from rental and alteration services, as well as its corporate apparel business, retail sales were up 5.2 percent to $613.6 million from $583.6 million. Comparable-store sales rose 2.1 percent. And the company said its corporate apparel net sales rose 9.6 percent, or $5.5 million mostly due to the impact of a stronger British pound this year. By brand segment, Men’s Wearhouse comps rose 3.2 percent, while comps at Jos. A. Ban rose 1.2 percent. Comps at Moores were up 1.8 percent, but were down 1.7 percent at K&G.
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018