Key Developments For Tuesday Morning Corporation
Tuesday Morning Corporation (TUES.O) (Nasdaq)
Tuesday Morning Corp. Reaffirms FY 2010 Guidance
Tuesday Morning Corp. reaffirmed its fiscal 2010 guidance and expects net sales in the range of $795-$805 million, comparable store sales of negative low single digits and diluted (loss) earnings per share (EPS) of ($0.02)-$0.02.
Tuesday Morning Corp. Issues Q3 2009 EPS Outlook In Line With Analysts' Estimates
Tuesday Morning Corp. announced that for the third quarter of 2009, it currently expects diluted earnings per share (EPS) to be in the range of ($0.15) to ($0.17). According to Reuters Estimates, analysts were expecting the Company to report EPS of $(0.17) for the same period.
Tuesday Morning Corp. Announces First Amendment to Credit Facility
Tuesday Morning Corp. announced that it has amended its revolving credit facility to provide for an additional commitment from Regions Bank in the amount of $30 million bringing the total facility to $180 million. Regions Bank becomes the third bank in the facility. On December 15, 2008, the Company entered into a new five-year $150 million senior secured revolving credit facility with Bank of America, N.A. as administrative agent and Wells Fargo Retail Finance, LLC as joint lead arranger. The new facility provides the Company with more availability than the Company's previous facility and does not have financial covenants.
Tuesday Morning Corp. Reiterates FY 2009 Outlook; Reiterates FY 2009 Comparable Store Sales
Tuesday Morning Corp. announced that for fiscal 2009, it continues to expect revenue to be in the range of $800 million to $810 million, diluted earnings per share (EPS) in the range of $0.00 to $0.05 and comparable store sales in the negative low double digits.
Tuesday Morning Corp. Issues Q2 2009 EPS Guidance Below Analysts' Estimates; Lowers FY 2009 Guidance; Lowers FY 2009 Comparable Store Sales Guidance
Tuesday Morning Corp. announced that based on the second quarter 2009 sales results, the Company currently expects diluted earnings per share (EPS) for the second quarter 2009 to be in the range of $0.30-$0.32. Based upon the above results, fiscal 2009 sales are projected to be in the range of $800-$810 million, diluted EPS in the range of break even to $0.05 and comparable store sales in the low negative double digits. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.35 for second quarter 2009; revenue of $816 million and EPS to break even for fiscal 2009.
