The Tile Shop Reports Fourth Quarter 2018 Results; Declares Cash Dividend
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: GlobeNewswire
MINNEAPOLIS, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTS) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories, today announced results for its fourth quarter ended December 31, 2018. Fourth Quarter Summary Net Sales Increased 6.8%Comparable Store Sales Increased 5.0% Gross Margin of 70.3%Net Loss of $1.1 million; Adjusted EBITDA of $8.7 millionStore Growth Resumed with 5 to 7 New Stores Now Planned for 2019 Management Commentary – Cabell Lolmaugh, newly appointed CEO“We ended the year on a strong note with our best comp performance since the third quarter of fiscal 2016. This has given us confidence to resume our store growth in 2019, primarily in the back half of the year. Our goal is to deliver the best assortment, the best service and the best presentation in the tile industry and this strategy is clearly resonating with our customers. We are proud
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