Tuesday Morning (TUES) Reaffirms Outlook for FY18

Tuesday Morning Corporation (NASDAQ: TUES), one of the original off-price retailers currently with over 720 stores across the United States specializing in name-brand, better/best products for the home selling luxury home textiles, home furnishings, housewares and seasonal décor, reaffirmed its previously issued outlook for fiscal 2018 in conjunction with management's investor meetings at the B. Riley Consumer Conference in New York City today. This includes an expected increase in comparable store sales in the range of 2% to 5% and a significant improvement in EBITDA. The Company also expects an increase in comparable store sales for its fiscal first quarter, which ends September 30th, 2017, in the same 2%-5% range including the impact of the recent hurricanes.

Steven Becker, CEO of Tuesday Morning said, "We are pleased with the current trend of our business despite the impact of hurricanes within our first fiscal quarter. With the continued operational improvements we are making across our supply chain, the ongoing successful repositioning of our real estate portfolio, our focus on improving our product assortment and increasing the effectiveness of our marketing dollars, as well as our disciplined cost and working capital management, we are on the path to delivering a significant improvement in EBITDA for fiscal 2018."

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