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Tuesday Morning Corporation (NASDAQ: TUEM) announced a debt transaction completion that enhances liquidity and reduces its term loan by $5 million. For Q3 fiscal 2022, comparable store sales increased by 0.6%, with net sales reaching $159.6 million, up from $153.3 million in Q3 2021. However, the company revised its full-year outlook, anticipating a 3% to 5% decrease in Q4 comparable store sales due to macroeconomic challenges. The net loss for Q3 2022 was $18.2 million, or ($0.21) per share, an improvement compared to a loss of $37.1 million in the prior year.
Tuesday Morning (NASDAQ: TUEM) will host a conference call on May 12, 2022, at 8:00 AM CT to discuss its Q3 fiscal 2022 financial results. A press release detailing these results will be issued before market hours on the same day. Investors can access a live webcast via the company's investor relations website. They can also join the call by dialing 877-407-9716 (or 201-493-6779 internationally) approximately ten minutes prior to the start. A replay will be available for 90 days post-call.
Tuesday Morning is supporting the American Heart Association during National Stroke Awareness Month by launching the Life Is Why™ campaign. From April 30 to May 30, customers can donate in-store or online to help fund heart health initiatives. CEO Fred Hand highlighted the impact of heart disease, noting 1 in 3 women are affected. Donations will assist in CPR training for 2.5 million students and support local health initiatives. Tuesday Morning operates 492 stores across 40 states.
Tuesday Morning Corporation (NASDAQ: TUEM) reported a 1.0% increase in comparable store sales for Q2 fiscal 2022, compared to the same period in fiscal 2020, despite a 26% decrease in inventory. Net sales reached $251.4 million, up from $198.6 million in Q2 FY2021, while gross margin was 28.5%. The company reported a net income of $1.9 million, or $0.02 per share. Looking ahead, TUEM anticipates mid-single-digit growth in comparable store sales for Q3 FY2022, although gross margin is expected to decline due to rising supply chain costs.
Tuesday Morning (NASDAQ: TUEM) is set to announce its second quarter fiscal 2022 financial results on February 3, 2022, at 8:00 am CT. A press release with detailed results will be issued prior to the conference call. Interested investors can access a live webcast on the Company's website, and call-ins are available for those who prefer to participate via phone. The company, operating 492 stores across 40 states, specializes in off-price home goods and décor, offering products at competitive prices.
Tuesday Morning Corporation (NASDAQ: TUEM) has appointed Marcelo Podesta as an independent director, effective December 13, 2021. Podesta brings extensive experience in finance, information technology, and merchandising from previous leadership roles at National Business Furniture and Brookstone. His appointment aims to enhance the company's focus on driving long-term growth and increasing shareholder value. Tuesday Morning, a well-known off-price retailer, operates 492 stores across 40 states, offering high-quality home goods at competitive prices.
Tuesday Morning Corporation (NASDAQ: TUEM) reported a 3.2% increase in comparable store sales for Q1 fiscal 2022, ending September 30, 2021. The company completed its bankruptcy process, gaining $14 million in cash. Net sales rose to $176.9 million, while gross profit was $51.0 million with a 28.8% gross margin. Despite operating losses of $11.7 million, the company improved SG&A expenses. However, inventories fell 42% compared to Q1 fiscal 2020. The outlook remains cautious due to supply chain issues, anticipating an Adjusted EBITDA loss for the fiscal year.
Tuesday Morning (NASDAQ: TUEM) announced it will hold a conference call on November 4, 2021, at 8:00 AM Central Time to discuss its first quarter fiscal 2022 financial results. A press release with the financial details will be released before the market opens, followed by the call. Investors can access the live webcast on the company's website and dial in for the call approximately ten minutes prior. The replay will be available for 90 days on the website or through a dedicated phone line after the call.
Tuesday Morning (NASDAQ:TUEM) has appointed Paul Metcalf as Principal and Chief Merchant effective September 14, 2021. Metcalf, who has over 30 years in retail, will focus on optimizing the company's growth. CEO Fred Hand expressed confidence in Metcalf's abilities to enhance Tuesday Morning's market position. Additionally, the company granted significant stock awards to both Metcalf and COO Marc Katz, designed to incentivize performance based on stock price milestones. Metcalf's RSUs and PSUs are aimed at aligning management's interests with shareholders.
Tuesday Morning Corporation (NASDAQ: TUEM) announced its fiscal 2021 results, revealing net sales of $690.8 million, down from $874.9 million in fiscal 2020. Despite a challenging year with reorganization under Chapter 11, the company reported net income of $3.0 million, or $0.05 per share. The company appointed new executives, including Marc Katz as COO, with plans to improve operating fundamentals and address supply chain challenges. Although comparable store sales increased by 1.2% compared to fiscal 2019, the overall outlook remains cautious with anticipated Adjusted EBITDA losses in fiscal 2022.
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