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Tailored Brands Inc. (TLRD) Has Tumbled To A New Low After Guidance Cut

Tailored Brands Inc. (TLRD) reported third quarter adjusted EPS of $1.01 after the bell Wednesday, up from $0.75 a year ago. The company also reduced its full year adjusted EPS forecast to between $2.30 and $2.35, from prior expectations of $2.35 to $2.50.

Tailored Brands gapped open sharply lower Thursday morning and is now down 5.57 at $14.56 on above average volume. The stock has dropped to a new low for the year.

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