Home / Knowledge / News / Apparel/Garments / Net earnings nearly halve at Tailored Brands in Q2FY17
Net earnings nearly halve at Tailored Brands in Q2FY17
20
Sep '16
Courtesy: Tailor Brands
Courtesy: Tailor Brands
Net earnings for the second quarter ended July 30, 2016 at Tailored Brands nearly halved at $25.0 million as against net earnings of $47.8 million in the fiscal ago period, while diluted EPS was $0.51 compared to diluted EPS of $0.98 in the prior fiscal's second quarter. However, net sales declined slower by 1.1 per cent year over year to $909.7 million.

For the second quarter of fiscal 2017, gross profit amounted to $410.3 million, down 2.0 per cent; driven down by the drop in retail segment net sales.

As a percent of sales, gross margin fell 40 basis points to 45.1 per cent of net sales, primarily due to the impact of clearance activity as it exited the factory/outlet business.

Operating income for the reporting quarter totaled $59.6 million vis-à-vis operating income of $98.1 million in the second quarter of fiscal 2016.

Net interest expense for the quarter under reviews was higher at $25.8 million versus $26.5 million in the comparable period of earlier fiscal, while the effective tax rate 25.9 per cent as against 33.3 per cent. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

3 Bangla RMG firms present energy efficiency action plans

Small energy efficiency working groups (SEEWGs) of three top tier...

Pic: Shutterstock

Textiles | On 28th Nov 2020

Pak PM asks ministries to help textile sector meet demand

Pakistani Prime Minister Imran Khan recently directed the commerce...

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

Rwanda's garment-textile exports grow by 83% in 2 years

Rwanda's textile and garment sector grew 83 per cent in value between ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Top executives, Textile industry

Top executives
Textile industry

The budget will give major impetus to textile and apparel consumption

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Fabio Grandis,

Fabio Grandis

Italian company Grandis SRL has been operating in the textile industry for ...

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search