Tuesday Morning narrows loss in Q1

Dallas Tuesday Morning Corp. reported late Monday that it reduced its loss in the quarter ended Sept. 30 to $2.6 million, compared with a loss of $4.7 million in the year-ago period.

The retailer cited increased store traffic and sales for the improved performance.

Revenue for the quarter rose 4.2% to $$172.8 million, compared with $165.9 million a year earlier. Same-store sales increased 4.3 %, comprised of a 6.1% increased in traffic offset by a 1.8% decline in average ticket.

“We ended the quarter with a solid inventory position that prepares us well for the upcoming holiday selling season,” said Kathleen Mason, president and CEO.

Tuesday Morning operates 840 stores in 43 states.

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