Tuesday Morning (TUES) Misses Q4 EPS by 11c

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Tuesday Morning Corporation Announces Fourth Quarter and Fiscal 2017 Results

August 24, 2017 8:00 AM EDT

DALLAS, Aug. 24, 2017 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUES), one of the original off-price retailers currently with over 720 stores across the United States specializing in name-brand, better/best products for the home selling luxury home textiles, home furnishings, housewares and seasonal decor, today announced financial results for the fourth quarter and fiscal year ended June 30, 2017:

Fourth quarter comparable store sales increased 1.8%; the Company estimates the increase would have been approximately 2.5% when adjusted for the Easter timing shiftReduced ending inventory level by $20 million compared to the... More