United States Of America : Q4FY17 net sales at Tailored Brands slip 3.9%

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Home / Knowledge / News / Apparel/Garments / Q4FY17 net sales at Tailored Brands slip 3.9%

Q4FY17 net sales at Tailored Brands slip 3.9%

14
Mar '17

For the three months ended January 28, 2017, net sales at marketer of various apparel brands Tailored Brands, slipped 3.9 per cent year over year to $793.3 million. Of which, retail segment net sales dipped 3.9 per cent, due primarily to store closures as well as comparable sales declines. Corporate apparel segment sales too dropped 4.8 per cent.

For the fourth quarter of fiscal 2017, gross profit was $302.1 million, down $9.1 million, while retail gross margin rose 60 basis points to 39.0 per cent over a fiscal ago quarter.

Operating loss in the reporting quarter stood at $18.9 million compared to an operating loss of $1,194.3 million in the prior fiscal's fourth quarter, which included $1.18 billion of impairment charges primarily related to Jos. A. Bank.

In the quarter under review, net loss amounted to $30.1 million or $0.62 diluted loss per share as against net loss of $1,057.7 million or $21.86 diluted loss per share in the corresponding quarter of last fiscal. (AR)

Fibre2Fashion News Desk – India

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