The Tile Shop Reports Third 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
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Source: GlobeNewswire
MINNEAPOLIS, Oct. 18, 2018 (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 third quarter ended September 30, 2018. Third Quarter Summary Net Sales Increased 5.7%Comparable Store Sales Increased 2.1% Gross Margin of 70.6%Diluted Earnings per Share of $0.05Net Income of $2.6 million; Adjusted EBITDA of $11.9 millionCompleted 3 store remodels in Q3; Completed 10 store remodels year-to-date in 2018 Management Commentary“We made good progress in the third quarter on our strategy to deliver the best product, the best presentation and the best service in our industry,” said Robert Rucker, interim CEO. “We are nearly complete with our year-long product assortment initiative and we continue to attract pros who share in our focus on serving a higher-end demographic. With the improvement we are now beginning to se
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