Tuesday Morning (TUES) Pre-Announces Q1 Sales of $172.8M
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Financial Fact:
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Today's EPS Names:
RCBC, GASS, YSG, More
Financial Fact:
Diluted (in dollars per share): -0.2
Today's EPS Names:
RCBC, GASS, YSG, More
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Tuesday Morning Corporation (Nasdaq: TUES) today reported net sales for the first quarter ended September 30, 2012 were $172.8 million compared to $170.7 million for the quarter ended September 30, 2011, an increase of 1.3%. Comparable store sales for the quarter ended September 30, 2012 increased by 1.7% comprised of a 4.7% increase in average ticket offset by a 3.0% decrease in traffic.
Street estimates call for sales of $169.70 million.
Absent one-time items, net loss for the first quarter of fiscal 2013 is expected to increase modestly versus the same period last year.
Brady Churches, President and Chief Executive Officer stated, "It has been five weeks since I joined Tuesday Morning and I am excited about the opportunities to improve the business. There is significant room for improvement on multiple fronts and there remains much work to be done. I look forward to discussing our financial results and sharing my preliminary thoughts on our go-forward strategy on our October 22, 2012 earnings call."
Street estimates call for sales of $169.70 million.
Absent one-time items, net loss for the first quarter of fiscal 2013 is expected to increase modestly versus the same period last year.
Brady Churches, President and Chief Executive Officer stated, "It has been five weeks since I joined Tuesday Morning and I am excited about the opportunities to improve the business. There is significant room for improvement on multiple fronts and there remains much work to be done. I look forward to discussing our financial results and sharing my preliminary thoughts on our go-forward strategy on our October 22, 2012 earnings call."
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