Tuesday Morning Projects Loss for Fourth Quarter

DALLAS- Declines in top-line and same-store sales prompted Tuesday Morning to forecast a loss for the fourth quarter.
The 861-store retailer's fourth quarter loss per share for the period ended June 30 is expected to range fro 3 cents to 5 cents compared to earnings per share in the year-ago period of 3 cents.
     For the fiscal year, earnings per share are expected to be 21 to 23 cents compared to EPS of 25 cents in the previous fiscal year.
     Sales fell 3% to $194.8 million during quarter, with comps off 4.5%. Fiscal year sales slipped 0.8% to $821.2 million. Comps declined 1.2%.
     "We had a strong increase in ticket early in the quarter; however, June was a particularly challenging month with a decline in both ticket and traffic," said Kathleen Mason, president and ceo.

Featured Video

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!