Tuesday Morning Q4 revenue falls 3%, lowers outlook

Dallas -- Tuesday Morning Corp. reported Wednesday that revenue for the quarter ended June 30 declined 3% to $194.8 million, compared with $200.8 million in the year-ago period. Same-store sales dropped 4.5% in the quarter. The closeout retailer cut its guidance for the year. For the full year, revenue dipped almost 1% to $821.3 million. Same-store sales fell 1.2%.