Tile Shop Holdings Returns to Growth: Key Earnings Takeaways [The Motley Fool]
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: The Motley Fool
After nearly a year of declines, the specialty retailer delivered same-store sales growth last quarter. This could indicate its turnaround plans are finally working. Tile Shop Holdings Inc. ( NASDAQ:TTS ) reported third-quarter results before market open on Thursday, delivering something investors have hoped to see for multiple quarters now: growth from its existing store base, following a major shift in strategy late last year that took a huge bite out of sales. Tile Shop's sales at stores open more than one year -- called comps -- had fallen three straight quarters heading into today's release. That completely caught the market off guard in February when the company announced fourth-quarter results, which sent the stock tumbling over 30% at one point. But investors gave the company a pass in the first quarter, and initially rewarded it in the second quarter , despite steadily poor results that offered little proof that the strategic shift to focus on hig
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