Tuesday Morning Sales Slip 1.2 Percent in Q1
October 12, 2011,
DALLAS-Net sales for Tuesday Morning in its fiscal first quarter totaled $170.7 million, off 1.2 percent from last year's first quarter, according to a preliminary statement from the closeout retailer.
Same-store sales for the quarter, which ended on Sept. 30, fell 4.1 percent, which included a 5.2 percent decrease in traffic offset by a 1.1 percent rise in average ticket. Based on these sales results, the company said it expects its net loss per share to be in the range of 12 to 13 cents, compared with a net loss of 6 cents a share for last year's first quarter.