Tuesday Morning sees quarterly sales increase

DALLAS Tuesday Morning reported that, as previously announced, net sales for the second quarter of fiscal 2010 were $289.6 million compared with $272.7 million for the quarter ended Dec. 31, 2008, an increase of 6.2%.

The company reported that comparable-store sales increased 5.1% for the quarter. The increase in comparable-store sales was comprised of a 5.3% increase in traffic offset by a 0.2% decrease in average ticket.  Net income for the second quarter ended Dec. 31, 2009 was $18.5 million or 43 cents earnings per diluted share, compared with net income of $12.7 million or 31 cents earnings per diluted share for the same period last year.

For the six-months ended Dec. 31, 2009, net sales were $455.5 million compared with $446.1 million for the same period ended Dec. 31, 2008, an increase of 2.1%. Comparable-store sales increased 0.8% for the six-month period ended Dec. 31, 2009. The increase in comparable-store sales was comprised of a 2.5% increase in traffic offset by a 1.7% decrease in average ticket. For the six-months ended Dec. 31, 2009, the company had earnings per diluted share of 32 cents versus 20 cents for the same period in fiscal 2009.