-=Tile Shop (TTS) reported earnings on Thur 19 Apr 2018 (b/o)

Tile Shop beats by $0.01, misses on revs; reaffirms outlook 

• Reports Q1 (Mar) earnings of $0.08 per share, $0.01 better than the Capital IQ Consensus of $0.07; revenues fell 1.1% year/year to $91.1 mln vs the $92.64 mln Capital IQ Consensus.
  • Comparable Store Sales Declined 6.8%
  • 70.3% Gross Margin
• OUTLOOK - The Company reiterates its previously communicated annual outlook:
  • Capital investment of ~$27 to $32 million, including remodeling ~30 stores to support its product presentation strategy.
  • Inventory investment of ~25% to 35% year over year, over the next several quarters, to support our product assortment strategy.