DALLAS, April 9, 2013 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (Nasdaq:TUES) today reported net sales for the third quarter ended March 31, 2013 increased 3.1% to $178.1 million, compared to $172.7 million for the quarter ended March 31, 2012. Comparable store sales for the quarter ended March 31, 2013 increased by 2.8% comprised of a 1.4% increase in average transaction and a 1.4% increase in customer traffic. For the nine-month period ended March 31, 2013, net sales were $636.2 million compared to $616.4 million during the same period last year. Comparable store sales for the nine-month period ended March 31, 2013 increased 3.7%.
Tuesday Morning Corporation's management will hold a conference call to review third quarter financial results on April 25, 2013 at 4:00 p.m. Central Time. The Company will release third quarter results prior to the call. A real-time webcast of the call will be available in the Investor Relations section of Tuesday Morning Corporation's web site at http://www.tuesdaymorning.com, or you may dial into the conference at 1-877-312-5376 (no access code required).
About Tuesday Morning
Tuesday Morning is a multi-channel low cost national retail chain specializing in closeouts of medium to high-end quality home-related and name brand gifts, soft home, home furnishings, housewares, luggage, toys, seasonal, and gourmet food, offered to our customers at extreme value pricing. This "Treasure Hunt" shopping experience is provided to our many loyal customers who shop in the 829 stores we operate in 43 states.
This press release contains forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995, which are based on management's current expectations, estimates and projections. Forward-looking statements typically are identified by the use of terms such as "may," "will," "should," "expect," "anticipate," "believe," "estimate," "intend" and similar words, although some forward-looking statements are expressed differently. You should carefully consider statements that contain these words because they describe our expectations, plans, strategies and goals and our beliefs concerning future business conditions, our future results of operations, our future financial position, and our business outlook or state other "forward-looking" information.
Reference is hereby made to "Part 1, Item 1A Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2012 for examples of risks, uncertainties and events that could cause our actual results to differ materially from the expectations expressed in our forward-looking statements. These risks, uncertainties and events also include, but are not limited to, the following: conditions affecting consumer spending and consumer confidence and the impact, depth and duration of current economic conditions;uncertainties regarding our ability to open stores and relocate existing stores in new and existing markets and operate these stores on a profitable basis; increased or new competition; our ability to operate information systems and implement new technologies effectively; our ability to safeguard our customers' personal information and other secure data; our ability to continue to attract buying opportunities and anticipate customer demand; loss of or disruption in our centralized distribution center; our freight costs and the impact of changes in fuel prices on our cost of goods sold; loss or departure of one or more members of our senior management or other key management personnel; our ability to generate strong cash flows from our operations; an increase in the cost or a disruption in the flow of our imported products; our success in implementing our marketing, advertising and promotional efforts; our ability to attract and retain quality sales, distribution center and other associates in large numbers; seasonal and quarterly fluctuations; and fluctuations in our comparable store results. The forward-looking statements made in this press release relate only to events as of the date on which the statements were made. Except as may be required by law, we undertake no obligations to update our forward-looking statements to reflect events and circumstances after the date on which the statements were made.
CONTACT: INVESTOR CONTACT: Stephanie Bowman Chief Financial Officer TUESDAY MORNING CORPORATION 972-934-7251 MEDIA CONTACT: Jennifer Habicht / Jonathan Morgan Perry Street Communications 214-965-9955Source:Tuesday Morning Corporation