Tuesday Morning Struggles in Q2

Related Content

No related items were found.

Dallas Tuesday Morning reported Tuesday that net sales for the second quarter of fiscal 2009, ended Dec. 31, 2008, dropped 11.7% to $272.7 million, compared to $308.7 million a year ago. Net income for the quarter was $12.7 million, compared to $20.5 million for the same quarter in 2008.

Same-store sales also decreased almost 15% for the quarter compared to the same time frame last year. This decline was comprised of a 9.6% decrease in traffic and a 5.3% decrease in average ticket size, the company reported.