Tuesday Morning quarterly sales down from year ago
Home Accents Today Staff -- Home Accents Today, 10/11/2011 9:21:51 AM
DALLAS -- Tuesday Morning Corporation today reported net sales for the first quarter ended Sept.30, 2011 were $170.7 million compared to $172.8 million for the quarter ended Sept. 30, 2010, a decrease of 1.2%. Comparable store sales for the quarter ended Sept.30, 2011 decreased by 4.1% comprised of a 5.2% decrease in traffic offset by a 1.1% increase in average ticket.
Based on the first quarter sales results, the company currently expects the loss per share for the quarter to be in the range of $0.12 to $0.13. The loss per share was $0.06 for the same quarter a year ago.
Kathleen Mason, president and CEO, stated in a release, "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."
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