Tuesday Morning Sales Fall 2.2 Percent in Second Quarter

DALLAS-Tuesday Morning posted net sales of $273.1 million in its fiscal second quarter, down 2.2 percent from the second quarter of last year, according to a preliminary report from the closeout retailer.

Same-store sales for the quarter, which ended on Dec. 31, dropped 4.6 percent, comprising a 3.5 percent decrease in traffic and a 1.1 percent decline in average ticket. Based on these results, Tuesday Morning said it now expects total sales for this fiscal year, which will end on June 30, to be from $815 million to $820 million. If so, sales would be flat to down 0.7 percent from last year.

Tuesday Morning also said it expects same-store sales to be down from 3 percent to 3.75 percent from the last fiscal year.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.