21.07.2015 19:12:42
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Tile Shop Profit In Line With Estimates
(RTTNews) - Tile Shop Holdings Inc (TTS) on Tuesday reported second-quarter net earnings of $4.5 million or $0.09 per share compared with $3.8 million or $0.07 per share last year.
Revenues for the quarter were up 13.6% at $75.7 million compared with $66.7 million in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $0.09 per share on revenues of $73.7 million for the quarter. Analysts' estimates typically exclude special items.
Same store sales for the quarter were up 5.7%, the company said.
Gross margin was lower at 67.8% compared with 69.8% a year ago.
For the full year 2015, the company said it now expects adjusted earnings of $0.28 to $0.33 per share on revenues of $280 million to $290 million. Analysts expect earnings of $0.31 per share on revenues of $285.6 million for the year.
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Tile Shop Holdings Inc | 7,10 | 1,43% |
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