DALLAS (AP) -- Discount retailer Tuesday Morning Corp.'s third-quarter loss grew, compared with a year earlier, as its revenue slipped.
The company said Tuesday that it had a net loss of $4.2 million, or 10 cents per share, for the quarter that ended March 31. That's compared with a loss of $3.6 million, or 8 cents per share, a year earlier. Its revenue slipped to $172.7 million from $174.3 million.
Tuesday Morning said revenue from its stores open at least a year fell 3.2 percent. This is considered a critical measure because it excludes the impact of opening or closing stores.
CEO and President Kathleen Mason said the company is on track with its plans to boost its revenue. During the fourth quarter, it plans to revamp its website and improve its marketing. She said those changes and efforts to "optimize" its real estate to benefit its earnings beginning in the current quarter and continuing into next fiscal year.
The company stood by its full-year forecast for earnings of 13 cents to 16 cents per share on revenue of $815 million to $820 million.
Tuesday Morning, based in Dallas, sells closeout housewares and home accessories at 852 company-owned stores across the country.
Its stock fell 3 cents to close Monday at $4.05. The shares didn't change after hours after Tuesday Morning reported its results.
