Tuesday Morning Third-Quarter Sales Edge Up 1.3 Percent
DALLAS-Third-quarter net sales for Tuesday Morning rose 1.3 percent to $174.3 million, according to a preliminary report from the closeout retailer.
The sales gain included an increase of 0.7 percent in same-store sales for the quarter, which ended on March 31. Kathleen Mason, president and CEO, said Tuesday Morning was able to push up sales in spite of the severe winter weather in many of its markets early in the quarter.
Based on these results, the retailer has projected that fiscal 2011 net sales will be in the range of $830 million to $836 million, up from 0.2 percent to 0.9 percent from fiscal 2010. Tuesday Morning will announce its third-quarter financial performance on April 25.