Tuesday Morning suffers 3Q loss
DALLAS Tuesday Morning reported that as previously announced, net sales for the third quarter of fiscal 2009 were $167 million compared to $178.4 million for the quarter ended March 31, 2008, a decrease of 6.4%.
Comparable-store sales decreased 9.5% for the quarter ended March 31 compared to the same quarter in the prior year. The decrease in comparable-store sales was comprised of a 1.7% decrease in traffic and a 7.8% decrease in average ticket, the company reported.
Net loss for the third quarter was $6.8 million or 16 cents per diluted share, compared to a net loss of $4.7 million or 11 cents per diluted share during the same quarter last year.