Tailored Brands, Inc. provided earnings guidance for the fiscal year 2020. For the period, the company expects total retail comparable sales up 2.4% in February and all brands positive for the month. As a result, the Company is refraining from providing a specific financial outlook for fiscal year 2020 at this time until economic and business conditions provide better visibility.
The company also announced that it has decided to close stores in the U.S. and Canada until March 28th 2020 to ensure the safety and well-being of its employees and customers.