Moody's: Sale of corporate apparel business and higher Q2 EPS guidance are credit positives for Men's Wearhouse
Announcement: Moody's: Sale of corporate apparel business and higher Q2 EPS guidance are credit positives for Men's Wearhouse. Global Credit Research- 20 Aug 2019. New York, August 20, 2019-- Moody's Investors Service says Tailored Brands, Inc.' s August 19, 2019 announcement that it has closed the sale of its corporate apparel business and raised its adjusted earnings per share guidance for its second quarter, is credit positive.
Tailored Brands is a retailer of men's tailored clothing and men's formalwear provider in the U.S. and Canada. The company's operations are conducted in two segments: retail, which provides the company's products and services primarily through the company's retail brands - Men's Wearhouse, Men's Wearhouse and Tux, Jos. A. Bank Clothiers, Moores, Joseph Abboud, and K&G - and the internet at www.menswearhouse.com, www.josbank.com, and www.josephabboud.com; and corporate apparel, which includes the activities from the company's corporate apparel and uniform operations conducted by Dimensions, Alexandra and Yaffy in the U.K. and Twin Hill in the U.S., which provide corporate apparel uniforms and workwear to workforces.
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