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Tuesday Morning Sales, Comps Grow in Q4

DALLAS - Tuesday Morning Corporation earlier this month reported initial results for its fourth quarter, including a 2.9% increase in net sales and a 4.6% gain in comps.
    Net sales were $202.1 million, compared to $196.4 million a year ago.
     The comp increase was fueled by a 6.2% jump in customer traffic, offset by a 1.6% drop in average ticket.
     For the fiscal year, net sales were up 3.1% to $838.3 million, and comparable store sales increased 3.9%.
     Tuesday Morning also said that beginning with the next quarter it will no longer pre-release sales figures ahead of its full quarterly earnings report.