=Tile Shop (TTS) reported earnings on Thur 19 July 18 (b/o)

Tile Shop beats by $0.02, beats on revs 

• Reports Q2 (Jun) earnings of $0.10 per share, $0.02 better than the Capital IQ Consensus of $0.08; revenues rose 3.8% year/year to $92.9 mln vs the $90.71 mln Capital IQ Consensus.
  • Comparable Store Sales Declined 1.8%
  • 70.3% Gross Margin
• Outlook:
  • Inventory investment of approximately 10% to 20% year over year by year-end. In the third quarter, we expect our inventory levels to remain closer to second quarter levels as the Company plans to continue to make additional investments in its assortment.
  • Longer term, the Company remains committed to achieving both Adjusted EBITDA margin and pretax return on capital employed of greater than 20%.