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Acco Brands Corporation latest news:
Pizza Hut offering half off online pizza orders through Jan. 8
Pizza Hut, the Yum Brands Inc. pizza chain, is offering a 50% discount on menu-priced pizza orders placed online for delivery or carryout from Jan. 2 to Jan. 8. "[E]ntertaining season is in full swing," according to a statement from Zipporah Allen, Pizza Hut's vice president of marketing, with college football championships, Hollywood awards season, and other upcoming events. Orders can be placed on the Pizza Hut website or on the app. Yum shares are up nearly 29% for the past year, outpacing the S&P 500 index , which is up 19.4% for the period. Yum's other brands include Taco Bell and KFC.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Men's Wearhouse parent Tailored Brands shares surge after earnings and sales beat, guidance raised
Tailored Brands Inc. shares jumped 11.3% in Thursday trading after the men's clothing retailer reported third-quarter earnings and sales beat estimates. Tailored Brands' portfolio includes Men's Wearhouse, Jos. A. Bank and K&G. Net income for the quarter totaled $36.9 million, or 75 cents per share, up from $28.4 million, or 58 cents per share last year. Sales totaled $810.8 million, down from $846.9 million last year. The FactSet consensus was for EPS of 56 cents and sales of $808.0 million. Retail segment same-store sales were up 0.1%, posting the second consecutive quarter of positive same-store sales, according to a statement from Chief Executive Doug Ewert. Same-store sales rose 4.9% at Jos. A. Bank, but fell at the company's other retail chains. Tailored Brands expects full-year EPS in the range of $1.80 to $1.85 and adjusted EPS of $2.03 to $2.08. The previous guidance was for EPS of $1.42 to $1.62 and adjusted EPS of $1.65 to $1.85. The company expects full-year same-store sales for Men's Wearhouse, K&G and Moore's to be down low-single digits while Jos. A. Banks same-store sales are expected to be up mid-single digits. Tailored Brands shares are down 24.5% for the year so far, but up 1.9% for the last 12 months. The S&P 500 index is up 17.7% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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