Special Reports

Tuesday Morning

Published

19 years ago

July 22, 2005

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Tuesday Morning Corp. (Dallas) has reported a 5.2 percent increase in net income for the second quarter ended June 30, 2005. For the first six months of the closeout retailer’s fiscal year, net income is down 5.5 percent.

Net sales for the second quarter of 2005 increased 3.8 percent, but same-store sales decreased 4.7 percent. Year-to-date, sales are up 6.6 percent and same-store sales down 2.7 percent.

“We are pleased that we achieved increased earnings per share for the fifteenth consecutive quarter,” said president and ceo Kathleen Mason. “Traffic in the current quarter was equivalent to last year’s strong second quarter. The combination of clean, controlled inventories and an exciting array of incoming merchandise positions us well for the remainder of the year.”

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