- Tuesday Morning (NASDAQ:TUES) reports an unexpected net loss for FQ4.
- Comps growth was 4.6% for the quarter (customer traffic up 6.2%, average transaction down 1.6%).
- Gross profit margin falls 440 bps on "higher markdowns on clearance inventory."
- For the full year, comps rose 3.9% while gross profit fell $49.5M to $259.4M. Full year operating loss was $56.5M compared to income of $7.4M in 2012. (PR)
Tuesday Morning reports quarterly loss
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