Tuesday Morning Sales Slip in First Quarter

DALLAS - Closeout home furnishings chain Tuesday Morning Corp. reported declines in sales and comps for its recently ended first quarter.
     Sales fell 1.2% to $170.7 million for the quarter ended Sept. 30. Comps dropped 4.1% as a 1.1% increase in average ticket failed to overcome a 5.2% decrease in traffic.
     Based on these results, Tuesday Morning said it currently expects the loss per share for the first quarter to be in the range of 12 to 13 cents compared to the year-ago period's loss per share of 6 cents.
     Kathleen Mason, president and ceo, said: "We remain focused on our previously announced initiatives and believe that these initiatives will positively impact customer traffic and our overall business in the back half of our fiscal year."
     The company will report its full first quarter results Oct. 24

Home & Textiles Today Staff | News & Commentary

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HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

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