Tues. Morn. up 62% in Q3

Hogsett, Don
October 2003
Home Textiles Today;10/27/2003, Vol. 25 Issue 9, p4
Trade Publication
Decorative home accessories retailer Tuesday Morning Corp. has announced that its profits for the third quarter of 2003 has increased by 62.3%, with the help of double-digit increase in sales and deep cuts in interest expense. The retailer's total sale has increased by 12.5% from $154.6 million a year ago to $173.9 million in 2003. Same store sales has also increased by 2.8 percent. Another factor influencing the increase is the decline of interest expense by 43.3 percent which generated a cash savings of $1.9 million. With the help of stronger sales and margins, gross margin dollars increased by 16.3% to $63.2 million from $54.3 million in 2002.


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