Tuesday Morning Q4 sales, comps up; expects to narrow loss
Dallas – Tuesday Morning Corp. reported Tuesday that sales for the quarter ended June 30 edged up 0.8% to $196.4 million, compared with $194.8 million in the year-ago period.
Same-store sales rose 0.2%, comprised of a 2.7% decrease in traffic and a 2.9% increase in ticket. For the fiscal year ended June 30, 2012, net sales were $812.8 million compared to $821.1 million for fiscal 2011.
Based upon the results of the fourth quarter, Tuesday Morning said it expects to narrow its Q4 loss from last year’s quarter.
"We are well positioned with respect to inventory and cash as we transition into a new era," said Michael Marchetti, president and interim CEO.
PriceSmart Q3 profit falls 4%
San Diego – Warehouse club operator PriceSmart Inc. reported Tuesday that net income for the third quarter slipped 4% to $15.7 million, compared with $16.3 m million last year.
Revenue rose 18% to $506.8 million from $431.1 million, missing Wall Street’s forecasted $508.2 million. Same-store sales increased 12.9%.
Wal-Mart de Mexico June sales rise 5.3%
Mexico City – Walmex, Mexico’s largest retailer, reported Monday that same-store sales for the month of June rose 5.3%. Total sales in June jumped 15%.
The retailer opened 26 stores and restaurants in June, after announcing it was reducing planned store openings to between 325 and 335 this year from a previously announced 410 to 436 stores.