Tuesday Morning Sales Slip in Third Quarter
April 10, 2012,
DALLAS-Tuesday Morning said its third-quarter net sales dropped 0.9 percent, to $172.7 million, in a preliminary report on the quarter issued this morning.
Same-store sales for the quarter, which ended on March 31, declined 3.2 percent. The comparable-store number consisted of a 1.8 percent decrease in store traffic and a 1.4 percent falloff in average ticket. Based on the sales results, Tuesday Morning projected that its net loss for the quarter would be between 9 cents and 11 cents per share.