Tuesday Morning (TUES) Tops Q4 EPS by 4c

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Tuesday Morning Corporation Announces Fourth Quarter and Fiscal 2016 Results

August 19, 2016 8:00 AM EDT

DALLAS, Aug. 19, 2016 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES), a leading off-price retailer with over 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 fourth quarter and fiscal year ended June 30, 2016. 

For the fourth quarter, net sales were $222.8 million, an increase of $9.8 million from the prior year period.  Comparable store sales increased 6.0%.  Operating loss for the fourth quarter was $6.3 million.  Net loss for the fourth quarter was $3.9 million.  Diluted loss per share was... More