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Tuesday Morning Corp No Longer To Provide Earnings Guidance From FY 2014-Conference Call


Tuesday, 22 Jan 2013 10:00pm EST 

Tuesday Morning Corp announced that it is in the early stages of a significant revitalization effort. The Company anticipates, and have already commenced, changes across almost every facet of the Business. This will, by definition, generate uncertainty for a period of time, and render providing specific earnings and related guidance a challenge. Tuesday Morning's stakeholders will benefit from a long-term value creation perspective of the Business, an objective that is inconsistent with the kind of specific guidance which has traditionally provided. Therefore, the Company will no longer be providing earnings guidance, starting with the 2014 fiscal year, though it hold out the possibility of resuming guidance as Business revitalization takes hold. The Company will continue to provide information critical to understanding its Business, including perspective on factors that may materially affect future earnings performance. 

Company Quote

19.23
-0.76 -3.80%
11:35am EDT