Tile Shop (TTS) Misses Q4 EPS by 2c

Tile Shop (NASDAQ: TTS) reported Q4 EPS of $0.07, $0.02 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $76.6 million versus the consensus estimate of $78.41 million.

“2016 was an outstanding year of growth and achievement across all of our key initiatives,” said Chris Homeister, CEO. “The fourth quarter was at the low end of our expectations, driven by both lower revenue and abnormally high costs associated with employee benefits. We are extremely pleased with delivering a year with approximately 8% comparable store sales growth, increased gross margin and 41% growth in earnings per share. We are eager to build upon our continued success from 2016 as we work to deliver another year of significant growth in sales, operating margins and earnings per share in 2017.”

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

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