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Tuesday Morning's gross profit for the three months ended in Sep. 2020 was $51.1 Mil. Tuesday Morning's gross profit for the trailing twelve months (TTM) ended in Sep. 2020 was $254.8 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Tuesday Morning's gross profit for the three months ended in Sep. 2020 was $51.1 Mil. Tuesday Morning's Revenue for the three months ended in Sep. 2020 was $161.5 Mil. Therefore, Tuesday Morning's Gross Margin % for the quarter that ended in Sep. 2020 was 31.61%.
Tuesday Morning had a gross margin of 31.61% for the quarter that ended in Sep. 2020 => Competition eroding margins
The historical data trend for Tuesday Morning's Gross Profit 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.
Tuesday Morning Annual Data | |||||||||||||||||||||
Trend | Jun11 | Jun12 | Jun13 | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 341.80 | 320.75 | 340.97 | 352.32 | 284.87 |
Tuesday Morning Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Gross Profit | Get a 7-Day Free Trial | 81.13 | 105.78 | 52.17 | 45.80 | 51.07 |
For the Discount Stores subindustry, Tuesday Morning's Gross Profit, along with its competitors' market caps and Gross Profit 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.
For the Retail - Defensive industry and Consumer Defensive sector, Tuesday Morning's Gross Profit distribution charts can be found below:
* The bar in red indicates where Tuesday Morning's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Tuesday Morning's Gross Profit for the fiscal year that ended in Jun. 2020 is calculated as
Gross Profit (A: Jun. 2020 ) | = | Revenue | - | Cost of Goods Sold |
= | 874.895 | - | 590.025 | |
= | 284.9 |
Tuesday Morning's Gross Profit for the quarter that ended in Sep. 2020 is calculated as
Gross Profit (Q: Sep. 2020 ) | = | Revenue | - | Cost of Goods Sold |
= | 161.546 | - | 110.476 | |
= | 51.1 |
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $254.8 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Tuesday Morning's Gross Margin % for the quarter that ended in Sep. 2020 is calculated as
Gross Margin % (Q: Sep. 2020 ) | = | Gross Profit (Q: Sep. 2020 ) | / | Revenue (Q: Sep. 2020 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 51.1 | / | 161.546 | |
= | 31.61 % |
* 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.
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:TUESQ) Gross Profit 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 31.61% for the quarter that ended in Sep. 2020 => Competition eroding margins
Thank you for viewing the detailed overview of Tuesday Morning's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Terry Lee Burman | director | CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Barry S Gluck | director | |
Reuben E Slone | director | C/O OFFICEMAX INCORPORATED, 263 SHUMAN BLVD., NAPERVILLE IL 60563 |
Richard Willis | director | 7400 49TH AVE. NORTH, NEW HOPE MN 55428 |
Frank M. Hamlin | director | 6250 LBJ FREEWAY, DALLAS TX 75240 |
Sherry M Smith | director | |
James T. Corcoran | director | 925 N. LA BREA AVENUE, 4TH FLOOR, LOS ANGELES CA 90038 |
Stacie Shirley | officer: EVP & Chief Financial Officer | TUESDAY MORNING CORPORATION, 6250 LBJ FREEWAY, DALLAS TX 75240 |
Steven R Becker | director, officer: CEO | 5525 NAKOMA DRIVE, DALLAS TX 75209 |
Trent Taylor | officer: EVP,Supply Chain,Inv Mgmt,CIO | 200 WILMOT ROAD, DEERFIELD IL 60015 |
Phillip D. Hixon | officer: EVP, Store Operations | 6250 LBJ FREEWAY, DALLAS TX 75240 |
Kelly J. Munsch | officer: Chief Accounting Officer | 6250 LBJ FREEWAY, DALLAS TX 75240 |
Bridgett C. Zeterberg | officer: EVP, HR, GC & CORP SEC | 18501 E. SAN JOSE AVENUE, CITY OF INDUSTRY CA 91748 |
Belinda J. Byrd-rohleder | officer: SVP and GMM | 6250 LYNDON B. JOHNSON FREEWAY, DALLAS TX 75240 |
William Montalto | director | CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
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