DALLAS—Tuesday Morning Corp., a closeout retailer of home furnishings and housewares, predicted on Tuesday that second-quarter earnings may meet Wall Street expectations, despite a 7.6 percent decline in same-store sales for the quarter.
Based on the second-quarter sales results, Tuesday Morning expects second-quarter earnings in the range of 49 cents to 51 cents per share, compared with 57 cents per share for the quarter ended Dec. 31, 2006.
Analysts surveyed by Thomson Financial forecast second-quarter earnings of 51 cents per share.
"In what was a difficult holiday season for retailers in the home furnishings sector, we are pleased that we posted our 34th consecutive quarter of positive net income and earnings per share," President and Chief Executive Kathleen Mason said.
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