Tuesday Morning 4Q sales down 10.4%
DALLAS Tuesday Morning reported that as previously announced, net sales for the fourth quarter of fiscal 2008 were $196.5 million compared to $219.4 million for the quarter ended June 30, 2007, a decrease of 10.4%.
Comparable-store sales decreased 12.7% for the quarter. The decrease in comparable-store sales was comprised of an 11% decrease in traffic and a 1.7% decrease in average ticket. Net loss for the fourth quarter ended June 30 was $2.5 million or 6 cents per diluted share, compared to net income of $2 million or 5 cents per diluted share last year.
For the fiscal year ending on June 30, 2009 net sales are projected to be in the range of $868 million to $878 million. Comparable-store sales are projected to be in the negative mid single digits; and diluted earnings per share projected to be in the range of 21 cents to 27 cents.