The company said on Wednesday its Q1 net profit slipped. Compared with the same period last year, revenues also slipped by 4 percent.
For Q1, the company's net profit was 7.1 million dollar, slipped from 13.9 million dollar last year. Revenues decreased to 781.3 million dollar. Compared to 2 percent a year ago, the profit margin of the company dropped to 1 percent.
Tailored Brands (NYSE: TLRD) is best known for its subsidiaries which include well known American menswear retailers Jos A. Bank, Men’s Warehouse and Moores. The company also has K&G Fashion Superstore in its retail portfolio as well as corporate apparel brands Twin Hill, Alexandra and Yaffy.
As of 2019, Tailored Brands has more than 22,500 employees and operates over 1,400 stores.