Tile Shop (TTS) Tops Q3 EPS by 2c, Updates FY15 Guidance
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Tile Shop (NASDAQ: TTS) reported Q3 EPS of $0.08, $0.02 better than the analyst estimate of $0.06. Revenue for the quarter came in at $72.4 million versus the consensus estimate of $69.44 million.
- 9.7% Comparable Store Sales Growth
Tile Shop sees FY2015 EPS of $0.31-$0.33, versus the consensus of $0.31. Tile Shop sees FY2015 revenue of $289-292 million, versus the consensus of $288.20 million.
For the full year ending December 31, 2015 the Company expects:
For the full year ending December 31, 2015 the Company expects:
| ($ in millions, except per share data) | 2015 | 2014 | ||||
| Net sales | $289 - $292 | $ | 257.2 | |||
| Comparable store sales change | mid single digits | (0.4 | %) | |||
| Gross Margin % of Net Sales | approx. 69% | 69.6 | % | |||
| Depreciation & Amortization | approx. $23 | $ | 19.9 | |||
| Stock Based Compensation | approx. $5 | $ | 4.6 | |||
| Effective Tax Rate | approx. 41% | 41 | % | |||
| Non-GAAP Earnings Per Share | $0.31 to $0.33 | $ | 0.23 | |||
| Adjusted EBITDA | $57 - $60 | $ | 47.5 | |||
| Fully diluted shares outstanding | approx. 51 million | 51 million | ||||
| New stores | 7 to 8 | 19 | ||||
| Capital Expenditures | $18 to $20 | $ | 41.2 | | ||
For earnings history and earnings-related data on Tile Shop (TTS) click here.
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