Stalking TUES
Tuesday Morning Corporation Announces First Quarter Sales
DALLAS, April 2 /PRNewswire-FirstCall/ --
Tuesday Morning Corporation (Nasdaq: TUES) today reported sales for the first quarter ended March 31, 2002. Net sales increased $23.4 million, or 21.3%, to $132.9 million in the first quarter of 2002 from $109.5 million in the first quarter of 2001. Comparable store sales for the first quarter of 2002 increased 11.4% compared to the prior year period.
Kathleen Mason, President and CEO, stated, "As a result of our first
quarter sales performance, we expect net income for the first quarter of 2002
to be approximately $4.5 million, or $0.11 per diluted share, compared with
$1.9 million, or $0.05 per diluted share, for the first quarter last year."
The company's previously issued earnings estimates for the remaining three
quarters of 2002 remain unchanged. Tuesday Morning expects to report its
first quarter results on April 11, 2002.
Fred |
