More on Tile Shop Holdings Q4 miss [Seeking Alpha]
TILE SHOP HOLDINGS (TTS)
Last tile shop holdings earnings: 7/23 06:00 am
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US:NASDAQ Investor Relations:
investors.tileshop.com
Company Research
Source: Seeking Alpha
More on Tile Shop Holdings Q4 miss Tile Shop Holdings (NASDAQ: TTS Q4 Comparable store sales grew 5% for the quarter vs -4.9% year ago. Gross margin rate improved 350 bps to 70.3%, primarily due to decreased promotional activity. SG&A expense rate leveraged 200 bps to 69.4%. Adjusted EBITDA margin rate increased 570 bps to 10.3%. Inventory grew 3.6% to $110.1M. Store count +2 Y/Y to 140. FY2019 Guidance Previously: Tile Shop Holdings misses by $0.01, misses on revenue
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