Tuesday Morning: Q4 sales drop 4% - Dallas Business Journal:

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percent. Dallas-based Tuesday Morning (Nasdaq: posted fourth-quarter sales of $188.7 million. That is down from salews of $196.5 million a year earlier. Despit a decline in ticket the store sawa 0.1 percent increase in traffic during the fourth quarter that endex on June 30. However, same-storde sales — or sales at storeds open for 12 months orlonger — fell by 6.6 Looking forward, Tuesday Morning is forecasting a 3- to 5-cent loss per share for the fourth That expectation is better than the averagre 15-cent-per-share loss predicted by analysts.
“Wre continue to improve customer traffic and our salezs remain in line with our projectionsd in light of the uncertainty surroundingt currenteconomic conditions,” said Kathleenb Mason, president and chief executive “ We will remain persisten in managing inventory levels and controllinvg operating costs.” On Monday, Tuesday Morning’ws stock rose 9.3 percent, hitting $3.29 per after the company’s sales report forecasted bettef than expected earnings per share for the fourth quarter.