Tile Shop (TTS) Tops Q3 EPS by 2c; CEO Rucker to Retire

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 $62.8 million versus the consensus estimate of $65.2 million.

The Company also announced that founder and Chief Executive Officer Robert Rucker will retire as CEO effective January 1, 2015 and be replaced by current Chief Operating Officer Chris Homeister, who was unanimously approved by the Board of Directors for promotion to CEO and will join the Board of Directors early next year. The Company acknowledges the significant contributions of Mr. Rucker, and he will remain with the Company full time through August 1, 2015 as an advisor and will also remain on the Board of Directors.

Tile Shop sees FY2014 EPS of $0.23-$0.25, versus the consensus of $0.29. Tile Shop sees FY2014 revenue of $257-261 million, versus the consensus of $263.4 million.

For earnings history and earnings-related data on Tile Shop (TTS) click here.

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