Tuesday Morning Corporation Announces Second Quarter Fiscal 2020 Results
TUESDAY MORNING (TUES)
Last tuesday morning earnings: 2/5 08:00 am
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US:NASDAQ Investor Relations:
ir.tuesdaymorning.com/investor-relations
Company Research
Source: GlobeNewswire
• Net sales were $324.4 million in Q2 fiscal 2020 • Comparable store sales decreased 3.0% versus a 1.9% increase in the prior year; comparable transactions increased 0.7% DALLAS, Feb. 05, 2020 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES) today reported net income of $10.9 million, or $0.24 per share, for the second quarter of fiscal 2020 compared to net income of $16.0 million, or $0.35 per share, for the second quarter of fiscal 2019. Adjusted EBITDA, a non-GAAP measure, was $18.5 million for the second quarter of fiscal 2020, compared to $24.4 million for the prior year period. A reconciliation of GAAP and non-GAAP measures is provided below. Steve Becker, Chief Executive Officer, stated, “We again delivered positive transaction growth during the quarter despite a highly promotional environment and fewer shopping days between Thanksgiving and Christmas. This transaction growth, however, did not fully offset the decline in basket, leading to a comp decrease o
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