Tailored Brands, Inc. Reports Impairment Results for the Quarter Ended May 4, 2019; Provides Earnings Guidance for the Second Quarter of 2019
Given that the company is in the early stages of executing strategic initiatives and evaluating cost savings opportunities, plan is to continue to provide quarterly guidance for the remainder of this fiscal year. The Company's outlook for the second quarter of fiscal 2019 is as follows: The Company expects comparable sales for: Men's Wearhouse to be down 3% to 5%, Jos. A. Bank to be down 2% to 4%, Moores to be down 2% to 4%, K&G to be down 2% to flat.