Tuesday Morning Corp. provides EPS guidance in line to below the Street
Tuesday Morning Corp. (Nasdaq: TUES) provided fiscal second-quarter EPS guidance that was in line to below the consensus on Wall Street. The furniture retailer also reported net sales for the second quarter
In light of a difficult holiday season, the small cap said it expects earnings per share for the second quarter to be in the range of $0.49 to $0.51, while 13 analysts are on average projecting earnings of $0.51 per share. Earnings per share were $0.57 for the 2006 quarter.
For the three months ended Dec. 31, 2007, sales were $308.7 million, compared with $321.3 million for the same quarter in 2006.
Comparable store sales for the quarter decreased by 7.6% — comprised of a 7.2% decrease in traffic and a 0.4% decrease in average ticket.
Shares of Tuesday Morning (TUES) were halted in pre-market trading.
