Tuesday Morning Reports Narrower Loss In Q3, Comps Up 9.1%

(RTTNews) - Tuesday Morning Corp. (TUES) Thursday reported a narrower net loss for the third quarter, while its revenues edged up from the prior year quarter.

Third quarter net loss was $8.080 million, compared to $14.79 million in the previous year. On a per share basis, net loss was $0.18, narrower than $0.34 a year ago.

Net Sales for the off-price retailer increased 10 percent to $223.296 million from $203.00 million a year ago. Comparable store sales were up 9.1 percent. Operating loss for the period narrower to $7.789 million from $14.68 million in the prior year.

Looking ahead to fiscal 2018, the company with 720 stores expects comparable store sales of 3 to 4 percent. For the fourth quarter, gross margin is expected to show year over year improvement.