Tuesday Morning (TUES) Reports Better Than Expected Q3 Revenues; Guides In-line
TUES Hot Sheet
Financial Fact:Other income (expense), net: -13K
Today's EPS Names:
TARO, BRLI, TLB, More
Tuesday Morning Corporation (Nasdaq: TUES) reported net sales for the third quarter ended March 31, 2009 were $167.0 million vs. consensus of $161.11 million.
Based on the third quarter sales results, the Company currently expects diluted earnings per share for the third quarter to be in the range of ($0.15) to ($0.17). (Consensus is a loss of $0.16)
Comparable store sales for the quarter ended March 31, 2009 decreased by 9.5%, comprised of a 1.7% decrease in traffic and a 7.8% decrease in ticket. For the nine month period ended March 31, 2009, net sales were $613.1 million compared to $688.8 million for the same time last year. Comparable store sales for the nine month period ended March 31, 2009 decreased 14.2%, comprised of an 8.3% decrease in traffic and a 5.9% decrease in ticket.
Tuesday Morning is a closeout retailer of upscale, decorative home accessories, housewares and famous-maker gifts in the United States. [SM]
Based on the third quarter sales results, the Company currently expects diluted earnings per share for the third quarter to be in the range of ($0.15) to ($0.17). (Consensus is a loss of $0.16)
Comparable store sales for the quarter ended March 31, 2009 decreased by 9.5%, comprised of a 1.7% decrease in traffic and a 7.8% decrease in ticket. For the nine month period ended March 31, 2009, net sales were $613.1 million compared to $688.8 million for the same time last year. Comparable store sales for the nine month period ended March 31, 2009 decreased 14.2%, comprised of an 8.3% decrease in traffic and a 5.9% decrease in ticket.
Tuesday Morning is a closeout retailer of upscale, decorative home accessories, housewares and famous-maker gifts in the United States. [SM]
You May Also Be Interested In
- UPDATE: Bristow Group (BRS) Reports Better-Than-Expected Q4 Results; Offers FY13 Outlook
- VeriFone Systems (PAY) Tops Q2 EPS by 3c; Guides Q3, FY12
- Mentor Graphics Corp (MENT) Beats Q1 EPS View by 5c; Lifts FY13 Outlook
Create E-mail Alert Related Categories
Earnings, Guidance, Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
