Diamonds and Dogs
National Beverage (FIZZ) is bubbling over. The beverage company known for brands such as LaCroix, Shasta sparkling water, and energy drink, Rip is up 10% to a new 52 week high following better than expected earnings. The company reported $24.29 million in profit more than double the $11.2 million it reported in earning for the same period last year. The bump in profits is due to strong sales. National Beverage reported almost $194.6 million in net sales for the quarter, up from $109.1 million last year.
Name change has not helped things. Tailored Brands (TLRD) shares plunged 32% after the company reported disappointing fourth-quarter results and issued weak 2017 guidance. The parent for Men's Wearhouse posted an adjusted loss of 19 cents per share on revenue of $793 million missing estimates for a loss of 12 cents per share on revenue of $811 million. The company gave a weak guidance, estimating its diluted earnings for 2017 to be between $1.45 a share and $1.75 per share. The company is blaming a challenging retail environment with soft traffic across all their retail brands.