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Tuesday Morning reports quarterly loss

Aug. 20, 2013 4:51 PM ETTuesday Morning Corporation (TUEMQ) StockTUEMQBy: Colin Lokey, SA News Editor
  • 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)

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