Tuesday Morning (Tuesday Morning) Gross Margin % : 22.05% (As of Sep. 2022)

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What is Tuesday Morning Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tuesday Morning's Gross Profit for the three months ended in Sep. 2022 was $34.6 Mil. Tuesday Morning's Revenue for the three months ended in Sep. 2022 was $157.1 Mil. Therefore, Tuesday Morning's Gross Margin % for the quarter that ended in Sep. 2022 was 22.05%.

The historical rank and industry rank for Tuesday Morning's Gross Margin % or its related term are showing as below:

TUEMQ's Gross Margin % is not ranked ^*
in the Retail - Defensive industry.
Industry Median: 22.685
* Ranked among companies with meaningful Gross Margin % only.

Tuesday Morning had a gross margin of 22.05% for the quarter that ended in Sep. 2022 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Tuesday Morning was 0.00% per year.

Tuesday Morning Gross Margin % Historical Data

The historical data trend for Tuesday Morning's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tuesday Morning Gross Margin % Chart

Tuesday Morning Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Gross Margin %

34.98

32.56

29.82

25.58

Tuesday Morning Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Gross Margin %	Get a 7-Day Free Trial								28.84	28.46	24.38	18.74	22.05

Competitive Comparison of Tuesday Morning's Gross Margin %

For the Discount Stores subindustry, Tuesday Morning's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tuesday Morning's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Tuesday Morning's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tuesday Morning's Gross Margin % falls into.

Tuesday Morning Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Tuesday Morning's Gross Margin for the fiscal year that ended in Jun. 2022 is calculated as

Gross Margin % (A: Jun. 2022 )	=	Gross Profit (A: Jun. 2022 )	/	Revenue (A: Jun. 2022 )
	=	191.8	/	749.809
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(749.809 - 557.988)	/	749.809
	=	25.58 %

Tuesday Morning's Gross Margin for the quarter that ended in Sep. 2022 is calculated as

Gross Margin % (Q: Sep. 2022 )	=	Gross Profit (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	34.6	/	157.105
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(157.105 - 122.469)	/	157.105
	=	22.05 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Tuesday Morning (OTCPK:TUEMQ) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Tuesday Morning had a gross margin of 22.05% for the quarter that ended in Sep. 2022 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Tuesday Morning Gross Margin % Related Terms

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Tuesday Morning (Tuesday Morning) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tuesday Morning Corp (OTCPK:TUEMQ) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6250 LBJ Freeway, Dallas, TX, USA, 75240

Website

https://www.tuesdaymorning.com

Tuesday Morning Corp is a retail chain company. It specializes in both domestic and international closeouts of medium to high-end name brand gifts, luxury home textiles, home furnishings, housewares and seasonal decor.

Executives

Osmium Partners, Llc	director, 10 percent owner	300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Zhong John Zhang	director	6250 LBJ FWY, DALLAS TX 75240
Andrew Berger	director	84 ELM STREET, WESTFIELD NJ 07090
Michael Onghai	director	122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001
James Harris	director	10 FARADAY, IRVINE CA 92618
Maya Burkenroad	director	C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Sandip Patel	director	1010 N. FLORIDA AVE., TAMPA FL 33602
Clicks To Bricks, Llc	10 percent owner, other: Member of 10% owner group	1680 MICHIGAN AVE, SUITE 700, MIAMI BEACH FL 33139
Tm21, Llc	director, 10 percent owner, other: Member of 10% owner group	1010 N. FLORIDA AVE., TAMPA FL 33602
Ayon Capital, L.l.c.	director, 10 percent owner, other: Member of 10% owner group	1010 N. FLORIDA AVE., TAMPA FL 33602
Tascr Ventures, Llc	director, 10 percent owner, other: Member of 10% owner group	1010 NORTH FLORIDA AVENUE, TAMPA FL 33602
Alexander Mehr	director, 10 percent owner, other: Member of 10% owner group	C/O ZOOSK, INC., 989 MARKET STREET, FIFTH FLOOR, SAN FRANCISCO CA 94103
Retail Ecommerce Ventures Llc	director, 10 percent owner, other: Member of 10% owner group	1680 MICHIGAN AVENUE, SUITE 700, MIAMI BEACH FL 33139
Tai Lopez	director, 10 percent owner, other: Member of 10% owner group	C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Marcelo Podesta	director	6250 LBJ FREEWAY, DALLAS TX 75240