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TUESDAY MORNING Q4 Loss Widens

TUESDAY MORNING Corporation (TUEM) released Loss for its fourth quarter that increased from the same period last year

The company's earnings came in at -$28.143 million, or -$0.33 per share. This compares with -$18.862 million, or -$0.29 per share, in last year's fourth quarter.

The company's revenue for the quarter fell 8.7% to $161.934 million from $177.274 million last year.

For the first quarter, the firm expects comparable store sales to fall 10-12 percent when compared with the first quarter of 2022. Adjusted EBITDA loss is expected to be in the range of $21 million - $24 million.

For the fiscal 2023, Tuesday Morning projects comparable store sales to be flat to negative 3 percent when compared with 2022. Excluding items, EBITDA loss is projected to be in the range of $18 million - $23 million.

TUESDAY MORNING CORP/DE earnings at a glance (GAAP) :

-Earnings (Q4): -$28.143 Mln. vs. -$18.862 Mln. last year.
-EPS (Q4): -$0.33 vs. -$0.29 last year.
-Revenue (Q4): $161.934 M vs. $177.274 M last year.

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