Tile Shop (TTS) Tops Q1 EPS by 3c

Tile Shop (NASDAQ: TTS) reported Q1 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $84.7 million versus the consensus estimate of $80.01 million.

The $11.7 million increase in net sales was due to a comparable store sales increase of 13.2%, or $9.6 million in the quarter and incremental net sales of $2.1 million from stores not included in the comparable store base.

GUIDANCE:

Tile Shop sees FY2016 EPS of $0.40-$0.45, versus the consensus of $0.41. Tile Shop sees FY2016 revenue of $320-329 million, versus the consensus of $320.7 million.

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

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