Tuesday Morning 1Q Sales Up 1.3 Percent
Posted on October 9, 2012 by
DALLAS-First-quarter sales for Tuesday Morning rose 1.3 percent to $172.8 million, according to a preliminary statement on the closeout retailer's financial performance.
That result included a same-store sales increase of 1.7 percent, comprising a 4.7 percent gain in average ticket offset by a 3 percent drop in store traffic. Tuesday Morning also said its net loss for the quarter, which ended on Sept. 30, is expected to rise modestly versus last year's quarter. Brady Churches, who became president and CEO of Tuesday Morning in early September, said, "There is significant room for improvement on multiple fronts, and there remains much work to be done."
Tuesday Morning will release its full financial report for the first quarter on Oct. 22.