Tuesday Morning Q3 Net Loss Widens, Comps Up 13.4%

(RTTNews) - Off-price retailer Tuesday Morning Corp. (TUES) Friday announced third quarter net loss of $5.24 million or $0.12 per share, wider than net loss of $2.80 million or $0.06 per share in the prior year.

On average, five analysts polled by Thomson Reuters expected the company to report loss of $0.12 per share. Analysts estimates usually exclude special items.

Net sales for the quarter increased to $211.38 million from $189.73 million last year. Comparable store sales increased 13.4 percent. Wall Street expected $198.39 million.

Steve Becker, CEO said, "We continue to expect our Phoenix distribution center to be fully operational in the first half of fiscal 2017. We now have leadership in place across key functional areas to support our growth and drive our initiatives as we continue to position Tuesday Morning for many years of sustainable, profitable growth."