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Off-Price Retailer Tuesday Morning at Odds With Regulatory Deadline

Tuesday Morning Executives Expect to File Quarterly Loss With Securities and Exchange Commission Soon
Off-price retailer Tuesday Morning has delayed its first quarter 2023 financial results that ended Oct. 1 because of what the company is calling a "material weakness" in its internal control of financial reporting, according to a document filed with the Securities and Exchange Commission. (TTmediateam/Wikimedia Commons)
Off-price retailer Tuesday Morning has delayed its first quarter 2023 financial results that ended Oct. 1 because of what the company is calling a "material weakness" in its internal control of financial reporting, according to a document filed with the Securities and Exchange Commission. (TTmediateam/Wikimedia Commons)
CoStar News
November 20, 2022 | 11:24 P.M.

Off-price retailer Tuesday Morning Corp. told investors and regulatory officials this week the company with nearly 500 U.S. stores is delayed in reporting its quarterly earnings because of what executives are calling a "material weakness" in its internal control of financial reporting because of employee turnover in a blow that could result in fines, interest and penalties for the financially troubled retailer.

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