Tuesday Morning Guides Q4 EPS (0.03)-(0.05); Q4 Comp Store Sales Down 4.5%

Tuesday Morning Corporation TUES today reported net sales for the fourth quarter ended June 30, 2011 were $194.8 million compared to $200.8 million for the quarter ended June 30, 2010, a decrease of 3.0%. Comparable store sales for the quarter ended June 30, 2011 decreased by 4.5% compared to the same period last year, which was comprised of a 5.4% decrease in traffic and a 0.9% increase in ticket. For the fiscal year ended June 30, 2011, net sales were $821.2 million compared to $828.3 million for fiscal 2010. Comparable store sales for the fiscal year ended June 30, 2011 decreased 1.2% compared to fiscal 2010.