Tuesday Morning (TUES) Reports In-Line Q3 EPS; Comps Rose 13.4%

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Tuesday Morning Corporation Announces Third Quarter Fiscal 2016 Results

April 29, 2016 8:56 AM EDT

DALLAS, April 29, 2016 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES), a leading off-price retailer with nearly 750 stores across the United States specializing in selling deeply discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts, today announced financial results for the third quarter and nine months ended March 31, 2016.

Net sales were $211.4 million for the third quarter, an increase of $21.7 million from the prior year period.  Comparable store sales increased 13.4%.  Operating loss for the third quarter was $5.9 million.  Diluted loss per share was $0.12.

Steve Becker, Chief Executive Officer, stated, "We... More