Tuesday Morning Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2012; Provides Capital Expenditures Guidance for the Fiscal Year 2013
For the six months, the company reported net sales of $458,107,000 against $443,707,000 for the same period last year. Operating loss was $33,477,000 against operating income of $16,986,000 for the same period last year. Loss before income taxes was $35,594,000 against income before income taxes of $15,688,000 for the same period last year. Net loss was $28,427,000 or $0.68 per basic and diluted share against net income of $10,166,000 or $0.23 per basic and diluted share for the same period last year. Net cash provided by operating activities was $13,684,000 against $67,034,000 for the same period last year. Capital expenditures were $6,360,000 against $5,571,000 for the same period last year. Non-GAAP adjusted net income was $9,626,000 or $0.23 per share against $10,166,000 or $0.23 per share for the same period last year.
The company expects capital expenditures to be in the range of $12 million to $15 million for fiscal year 2013.