Thu 05/26/2022 16:57 PM
Tailored Brands’ fourth-quarter revenue rose 96.5% to $557.6 million as demand for tuxedo rentals for weddings continues to be strong, according to sources. Adjusted EBITDA swung to positive $50.9 million from negative $123.1 million for the fourth quarter of 2020, said the sources.
The retailer burned $14.5 million of cash during the quarter, including $7.6 million of cash used in operations and $6.9 million spent on capital expenditures, the sources said, adding that the company used cash...
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