Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Tuesday Morning Shares Were Shining Brighter

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Tuesday Morning (NASDAQ: TUES  ) were looking brighter today, climbing as much as 23% after reporting fourth-quarter earnings and announcing a new CEO.

So what: The closeout home products retailer said it lost $0.37 per share, as its performance was affected by closing down its website. Without one-time charges, the loss totaled $0.13 a share, which was still significantly worse than expectations of break even, as the company blamed increasing markdowns for the loss. Sales edged up 2.9%, to $202.1 million, while same-store sales increased by a respectable 4.6%, on a 6.2% increase traffic, the more important of the two components driving comparable sales. The company also named former Target executive and Interim CEO Michael Rouleau as permanent chief executive. In the report, Rouleau noted positive steps the company has taken including cleaning up stores, and reducing the level of clearance merchandise.

Now what: Tuesday Morning shares steadily gained over the course of the day after opening down, as investors seemed to buy into Rouleau's turnaround strategy. On the call, he noted consumers' positive perception of the company, strong supplier relationships, and a solid balance sheet. Shares of the retailer have nearly tripled in the last year, and have come up 75% since Rouleau was tapped to lead the company in March. Investors seem to approve of his approach, and same-store sales are solid, which should bode well for a comeback. Still, I'd like to see profits before getting invested.

You weren't born yesterday. You know that the best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report, "3 Stocks That Will Help You Retire Rich," names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2604935, ~/Articles/ArticleHandler.aspx, 9/26/2016 4:53:04 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
TUES $5.80 Down -0.15 -2.52%
Tuesday Morning CAPS Rating: *