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Tuesday Morning comp-store sales rise in Q1
Closeout retailer Tuesday Morning reported a comparable-store increase of 9.1% for the first quarter ended Sept. 30, compared to the year-ago quarter. The comparable-store sales growth was fueled by a 13.4% increase in customer transactions and a 4.3% decrease in average ticket.
The company reported a net sales increase of 6.3% to $183.7 million, compared to $172.8 million in the year-ago quarter.
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Starbucks Q4 profit up 34%; 1,500 net new stores on tap
Seattle -- Starbucks Coffee Company on Wednesday reported a better-then-expected 34% rise in its fiscal fourth-quarter and raised its quarterly dividend 24%. The company earned $481.1 million, up from $359 million a year ago.
Total net revenues increased 13% to $3.8 billion, just short of expectations.
Global same-store sales increased 7%, driven by a 5% increase in traffic. Same-store sales were up 8% in the United States and the Americas and 8% in China/Asia Pacific region.