Proactiveinvestors USA & Canada Tuesday Morning Corporation https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Tuesday Morning Corporation RSS feed en Sun, 21 Jul 2019 18:15:44 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Tuesday Morning posts smaller-than-expected fiscal 3Q loss on stronger revenue ]]> https://www.proactiveinvestors.com/companies/news/203312/tuesday-morning-posts-smaller-than-expected-fiscal-3q-loss-on-stronger-revenue-203312.html Shares of Tuesday Morning Corp (NASDAQ:TUES) got a bump after the off-price retailer of upscale home furnishings and accessories reported a smaller-than-expected fiscal third-quarter loss on better-than-expected revenue.

The Dallas, Texas-based company reported a quarterly loss of US$0.18 per share on revenue of US$223.3mln. The consensus estimate called for a loss of US$0.19 per share on revenue of US$209mln. Revenue grew 10.0% on a year-over-year basis.

Investors noted the revenue expansion and sent shares of Tuesday Morning up 6.6% to US$3.25.

Same-store sales increased 9.1% compared with the same period a year ago and saw a 5.9% increase in customer transactions.

In a further positive sign, the company said it expects comparable store sales for fiscal 2018 to increase 3% to 4%.

Tuesday Morning opened its first store in 1974 and has since built a network of 715 stores in 40 states. The off-price retailer sells home accessories, textiles, home furnishings, houseware, and seasonal d├ęcor.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 21 Aug 2018 08:26:00 -0400 https://www.proactiveinvestors.com/companies/news/203312/tuesday-morning-posts-smaller-than-expected-fiscal-3q-loss-on-stronger-revenue-203312.html
<![CDATA[News - Tuesday Morning's chairman switches to chief executive role ]]> https://www.proactiveinvestors.com/companies/news/120429/tuesday-morning-s-chairman-switches-to-chief-executive-role-120429.html Discount retail outfit Tuesday Morning (NASDAQ:TUES) said chairman Steven Becker would be taking over chief executive officer duties, effectively immediately.

He succeeds Michael Rouleau, who retired from the board back in September.

Meanwhile, lead independent director Terry Burman moves into the chair that Becker has vacated.

Burman was formerly chief executive officer of Signet Jewelers and chairman of Zale.

The no-frills retailer has close to 800 stores across the US and specializes in end-of-line sales of medium to high-end branded items.

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Mon, 14 Dec 2015 09:21:00 -0500 https://www.proactiveinvestors.com/companies/news/120429/tuesday-morning-s-chairman-switches-to-chief-executive-role-120429.html
<![CDATA[News - Tuesday Morning Q3 revenue dips, same-store sales down 3.2% ]]> https://www.proactiveinvestors.com/companies/news/85208/tuesday-morning-q3-revenue-dips-same-store-sales-down-32-27493.html Closeout retailer Tuesday Morning (NASDAQ:TUES) expects to book a net loss amid sluggish sales, as revenue from established stores fell by 3.2 percent in third quarter. 

The company, headquartered in Dallas, Texas, sells everything from lamps to rugs, furniture, kitchen accessories, linens and cookware appliances.

For the period ended March 31, the company said sales fell 0.9 percent to $172.7 million down from $174.3 million last year. 

Based on third-quarter sales, the company foresees a net loss of between nine to 11 cents per share. That is up from a loss of eight cents per share, last year.

On average, analysts polled by Bloomberg were projecting a net loss of eight cents, on sales of $175 million.

The company’s share price traded lower at 1.55 percent declining to $3.80 each on the Nasdaq on Tuesday Morning.

Same-store sales dropped by 3.2 percent, as customer traffic fell 1.8 percent and a 1.4 percent dip in ticket, or what they spent in total on their purchases.

Revenue from stores open at least one year is considered a key measure to gauge a retailer’s financial health as it excludes stores recently opened or closed during the year.

For the nine month period ended March 31, the company said net revenue rung in at $616.4 million down from $626.4 million.

Comparable store sales fell 4.1 percent. 

The company, which opened its first store in 1974, currently runs 852 locations across 43 states.

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Tue, 10 Apr 2012 10:48:00 -0400 https://www.proactiveinvestors.com/companies/news/85208/tuesday-morning-q3-revenue-dips-same-store-sales-down-32-27493.html