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To: Johnny Canuck who wrote (36690)	4/8/2002 3:28:30 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 68019

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. About Tuesday Morning Tuesday Morning is a leading closeout retailer of upscale home furnishings, gifts and related items in the United States. The company opened its first store in 1974 and currently operates 480 stores in 42 states during periodic "sales events." Tuesday Morning purchases well-recognized first quality brand name merchandise at closeout and sells it at prices 50% to 80% below those generally charged by department stores and specialty and catalog retailers.