-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OdYZpSpgS029VI28HlMP7YI9x/Snchk69j34dmSItFT3EOxnoEX6L5Djo0FVVYLt bvvcShxW2jdmDvOkmJb5TQ== 0001104659-09-042917.txt : 20090713 0001104659-09-042917.hdr.sgml : 20090713 20090713112241 ACCESSION NUMBER: 0001104659-09-042917 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090713 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090713 DATE AS OF CHANGE: 20090713 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TUESDAY MORNING CORP/DE CENTRAL INDEX KEY: 0000878726 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 752398532 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19658 FILM NUMBER: 09941477 BUSINESS ADDRESS: STREET 1: 6250 LBJ FREEWAY CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 2143873562 MAIL ADDRESS: STREET 1: 6250 LBJ FREEWAY CITY: DALLAS STATE: TX ZIP: 75240 8-K 1 a09-18165_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) July 13, 2009

 

Tuesday Morning Corporation

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-19658

 

75-2398532

(State or other jurisdiction

 of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

 

 

6250 LBJ Freeway, Dallas, Texas

 

75240

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:   (972) 387-3562

 

Not applicable

 (Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 2.02. Results of Operations and Financial Condition.

 

On July 13, 2009, Tuesday Morning Corporation, a Delaware corporation, issued a press release announcing net sales, comparable store sales percentage and estimated diluted earnings per share for the fourth quarter and the fiscal year ended June 30, 2009. The press release is attached to this Form 8-K as Exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit
Number

 

Exhibit Title

 

 

 

99.1

 

Press release dated July 13, 2009

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

Tuesday Morning Corporation

July 13, 2009

 

/s/   STEPHANIE BOWMAN

(Date)

 

Stephanie Bowman

 

 

Executive Vice President and Chief Financial Officer

 

2



 

EXHIBIT INDEX

 

Exhibit
Number

 

Exhibit Title

 

 

 

99.1

 

Press release dated July 13, 2009

 

3


EX-99.1 2 a09-18165_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

FOR IMMEDIATE RELEASE

 

 

CONTACT:

Stephanie Bowman

 

 

Chief Financial Officer

 

 

TUESDAY MORNING CORPORATION

 

 

972-934-7251

 

 

 

 

 

Laurey Peat

 

 

LAUREY PEAT+ ASSOCIATES

 

 

214-871-8787

 

TUESDAY MORNING CORPORATION

 ANNOUNCES FOURTH QUARTER AND FISCAL 2009 SALES

 

DALLAS, TX, July 13, 2009 (GLOBE NEWSWIRE) — Tuesday Morning Corporation (NASDAQ:TUES) today reported net sales for the fourth quarter ended June 30, 2009 were $188.7 million compared to $196.5 million for the quarter ended June 30, 2008, a decrease of 4.0%. Comparable store sales for the quarter ended June 30, 2009 decreased by 6.6%, comprised of a 0.1% increase in traffic and a 6.7% decrease in average ticket. For the fiscal year ended June 30, 2009, net sales were $801.7 million compared to $885.3 million for fiscal 2008. Comparable store sales for the fiscal year ended June 30, 2009 decreased 12.5%, comprised of a 6.4% decrease in traffic and a 6.1% decrease in ticket.

 

Based on the fourth quarter sales results, the Company currently expects diluted loss per share for the fourth quarter ended June 30, 2009 to be in the range of $0.03 to $0.05. The diluted loss per share was $0.06 for the quarter ended June 30, 2008.  For the fiscal year ended June 30, 2009, the Company expects diluted earnings per share to be in the range of $0.01 to a loss of $0.01 per share.

 

“We continue to see improvement in customer traffic and sales remain in line with our projections in light of the uncertainty surrounding current economic conditions,” said Kathleen Mason, President and Chief Executive Officer. “We will remain persistent in managing inventory levels and controlling operating costs.”

 

The Company will release fourth quarter financial results on August 25, 2009.

 

About Tuesday Morning

 

Tuesday Morning is a leading closeout retailer of upscale, decorative home accessories, housewares and famous-maker gifts in the United States. The Company opened its first store in 1974 and currently operates 857 stores in 45 states. Tuesday Morning is nationally known for bringing its more than 9.0 million loyal customers a unique treasure hunt of high-end, first quality, brand name merchandise...never seconds or irregulars...at prices well below those of department and specialty stores and catalogues.

 



 

This press release contains forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995, which are based on management’s current expectations, estimates and projections. Forward-looking statements typically are identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend” and similar words, although some forward-looking statements are expressed differently. You should carefully consider statements that contain these words because they describe our expectations, plans, strategies and goals and our beliefs concerning future business conditions, our future results of operations, our future financial positions, and our business outlook or state other “forward-looking” information.

 

Reference is hereby made to “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended June 30, 2008 for examples of risks, uncertainties and events that could cause our actual results to differ materially from the expectations expressed in our forward-looking statements. These risks, uncertainties and events also include, but are not limited to, the following: uncertainties regarding our ability to open stores in new and existing markets and operate these stores on a profitable basis; conditions affecting consumer spending and the impact, depth and duration of the current economic recession; inclement weather; changes in our merchandise mix; timing and type of sales events, promotional activities and other advertising; increased or new competition; loss or departure of one or more members of our senior management, or experienced buying and management personnel; an increase in the cost or a disruption in the flow of our products; seasonal and quarterly fluctuations; fluctuations in our comparable store results; our ability to operate in highly competitive markets and to compete effectively; our ability to operate information systems and implement new technologies effectively; our ability to generate strong cash flows from our operations; our ability to maintain internal control over financial reporting; our ability to continue obtaining funding from external sources; our ability to anticipate and respond in a timely manner to changing consumer demands and preferences; and our ability to generate strong holiday season sales. The forward-looking statements made in this press release relate only to events as of the date on which the statements were made. We undertake no obligations to update our forward-looking statements to reflect events and circumstances after the date on which the statements were made or to reflect the occurrence of unanticipated events.

 


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