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Tailored Brands Dives After Jos. A Bank's Results Disappoint

Tailored Brands Dives After Jos. A Bank's Results Disappoint

Tailored Brands Inc., the owner of Men’s Wearhouse and Jos. A. Bank, plunged Thursday morning as Wall Street looked past rising sales to focus on shrinking profitability. While profit and sales outpaced analysts’ estimates in the quarter ended May 5, gross margin declined as a percentage of revenue.