Tuesday Morning quarterly profits down

DALLAS -- Tuesday Morning reported that net income for the quarter ended Dec. 31 was $17.3 million, compared with $18.5 million in the year-ago period. Net sales decreased 3.6% to $279.3 million from $289.6 million. Same-store sales decreased 3.2%. According to Kathleen Mason, president and CEO: "We anticipate that we will return to positive comparable sales for the remainder of the fiscal year.” Tuesday Morning reported four consecutive quarters of same-store sales growth prior to the second quarter. The closeout retailer opened six stores during the quarter, relocated six stores and closed one store. It currently operates 845 stores