Tuesday Morning (TUES) Reports In-Line Q1 EPS; Comps Up 11.3%

Tuesday Morning (NASDAQ: TUES) reported Q1 EPS of ($0.14), in-line with the analyst estimate of ($0.14). Revenue for the quarter came in at $202.2 million versus the consensus estimate of $195 million. Comparable store sales increased 11.3% compared to the same period a year ago, and were comprised of a 10.5% increase in customer transactions and a 0.7% increase in average ticket.

Michael Rouleau, Chief Executive Officer, stated, "During the first quarter, we successfully completed the Turnaround Phase of our program to transform Tuesday Morning. This encompassed the exit of non-core categories, the introduction of new and expanded categories, comprehensive improvements in store conditions and operations, redirection of our real estate program, and the streamlining of our supply chain. I want to thank all of the Tuesday Morning team members who supported this transformation and to recognize and applaud their commitment and enthusiasm for the Tuesday Morning experience. As a result of their hard work, we are seeing strong sales momentum and improving profitability as consumers have responded well to these changes. Looking ahead, we currently expect to build on this momentum and deliver a successful fall and holiday season."

For earnings history and earnings-related data on Tuesday Morning (TUES) click here.

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• Warren Buffet's Berkshire stock target raised at UBS into earnings
• Parke Bancorp (PKBK) Reports Q1 EPS of $0.51