Tile Shop (TTS) Misses Q1 EPS by 4c, Revenues Miss, Comp. Sales Down 4.2%; Board Approves $15M Share Buyback

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Go back to Tile Shop (TTS) Misses Q1 EPS by 4c, Revenues Miss, Comp. Sales Down 4.2%; Board Approves $15M Share Buyback

The Tile Shop Reports First Quarter 2019 Results; Announces $15 Million Share Repurchase Program; Declares Cash Dividend

April 30, 2019 7:00 AM EDT

MINNEAPOLIS, April 30, 2019 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTS) (the Company), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories, today announced results for its first quarter ended March 31, 2019.  

First Quarter Summary

Net Sales Decreased 4.6%Comparable Store Sales Decreased 4.2% Gross Margin Increased to 71.2%Net Income of $1.3 million; Adjusted EBITDA of $11.6 millionOpened 1 store in Q1Board of Directors Approves $15 million Share Repurchase... More