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 salesx of $196.5 million a year earlier. Despite a decline in ticket amounts, the store saw a 0.1 percent increas e in traffic during the fourth quarte that ended onJune 30. same-store sales — or saleas at stores open for 12 monthz orlonger — fell by 6.6 percent. Lookinyg forward, Tuesday Morning is forecastinga 3- to 5-cenf loss per share for the fourthn quarter. That expectation is bettee than theaverage 15-cent-per-share loss predicted by analysts.
“Wde continue to improve customer traffic and our sales remain in line with our projections in light of the uncertainty surrounding currenteconomic conditions,” said Kathleenj Mason, president and chief executive officer. “ We will remaibn persistent in managing inventorh levels and controllingoperatiny costs.” On Monday, Tuesday Morning’s stock rose 9.3 percent, hittinvg $3.29 per share, after the company’s salew report forecasted better than expectedr earnings per share for the fourth quarter.