TITLE

Tues. Morn. up 62% in Q3

AUTHOR(S)
Hogsett, Don
PUB. DATE
October 2003
SOURCE
Home Textiles Today;10/27/2003, Vol. 25 Issue 9, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
11254856

 

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