Tuesday Morning Corporation is one of the original off-price retailers specializing in name-brand,high-quality products for the home, including upscale home textiles, home furnishings, housewares, gourmet food, toys and seasonal décor, at prices generally below those found in boutique, specialty and department stores, catalogs and on-line retailers. Based in Dallas, Texas, the Company opened its first store in 1974 and currently operates 490 stores in 40 states.
Company profile
Ticker
TUEMQ, TUEMQ
Exchange
Website
CEO
Steven Becker
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Walmart • Target • Dollar General • Costco Wholesale • BJ`s Wholesale Club • Dollar Tree • Big Lots • Ollies Bargain Outlet • Freds • Pricesmart ...
SEC CIK
Corporate docs
Subsidiaries
TMI Holdings, Inc. • Tuesday Morning, Inc. • Friday Morning, LLC • Days of the Week, Inc. • Nights of the Week, Inc. • Tuesday Morning Partners, Ltd. ...
IRS number
752398532
TUEMQ stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
10 Mar 23
8-K
Entry into a Material Definitive Agreement
17 Feb 23
8-K
Entry into a Material Definitive Agreement
16 Feb 23
NT 10-Q
Notice of late quarterly filing
14 Feb 23
8-K
Regulation FD Disclosure
14 Feb 23
8-K
Departure of Directors or Certain Officers
3 Feb 23
8-K
Departure of Directors or Certain Officers
6 Jan 23
25
Voluntary exchange delisting
3 Jan 23
8-K
Tuesday Morning Announces Voluntary Delisting from the Nasdaq Capital Market
23 Dec 22
8-K
Departure of Directors or Certain Officers
15 Dec 22
Latest ownership filings
SC 13G/A
ADAGE CAPITAL PARTNERS GP, L.L.C.
9 Feb 23
SC 13G/A
Greenhouse Funds LLLP
26 Jan 23
SC 13D/A
Tensile Capital Management LP
5 Jan 23
SC 13D/A
Osmium Partners, LLC
3 Jan 23
4
SPARTAN L P OSMIUM
30 Dec 22
3
Zhong John Zhang
13 Oct 22
3
Andrew Berger
11 Oct 22
3
Michael Onghai
7 Oct 22
3
Maya Burkenroad
30 Sep 22
3
Sandip Patel
30 Sep 22
Financial summary
| Quarter (USD) | Oct 22 | Jul 22 | Apr 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Jul 22 | Jun 21 | Jun 20 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 6.91 mm | 6.91 mm | 6.91 mm | 6.91 mm | 6.91 mm | 6.91 mm |
| Cash burn (monthly) | 301.33 k | (no burn) | 9.34 mm | 5.89 mm | (no burn) | 2.17 mm |
| Cash used (since last report) | 2.51 mm | n/a | 77.86 mm | 49.15 mm | n/a | 18.10 mm |
| Cash remaining | 4.40 mm | n/a | -70.95 mm | -42.23 mm | n/a | -11.19 mm |
| Runway (months of cash) | 14.6 | n/a | -7.6 | -7.2 | n/a | -5.2 |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 23 |
| Opened positions | 2 |
| Closed positions | 13 |
| Increased positions | 2 |
| Reduced positions | 18 |
| 13F shares | Current |
|---|---|
| Total value | 541.41 mm |
| Total shares | 416.45 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| TASCR Ventures | 415.58 mm | $80.50 mm |
| Tensile Capital Management | 472.11 k | $323.40 mm |
| Osmium Partners | 99.14 k | $58.00 k |
| Long Focus Capital Management | 75.02 k | $51.39 mm |
| HBK Sorce Advisory | 73.75 k | $9.00 k |
| Grace & White | 47.23 k | $32.35 mm |
| Primecap Management | 29.67 k | $20.32 mm |
| Vanguard | 26.56 k | $18.20 mm |
| Geode Capital Management | 15.39 k | $10.00 k |
| Fortitude Advisory Group L.L.C. | 10.84 k | $7.42 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Dec 22 | Osmium Partners | Common Stock | Sell | Dispose S | Yes | No | 0.6106 | 87,269 | 53.29 k | 180,134 |
| 28 Dec 22 | Osmium Partners | Common Stock | Other | Dispose J | Yes | No | 0 | 472,110 | 0.00 | 199,843 |
| 28 Dec 22 | Osmium Partners | Warrants Common Stock | Other | Dispose J | Yes | No | 49.5 | 234,199 | 11.59 mm | 99,135 |
| 26 Sep 22 | Phillip D. Hixon | Common Stock | Payment of exercise | Dispose F | No | No | 0.145 | 895 | 129.77 | 542,115 |