Tile Shop Holdings Q2 Profit Decreases - Quick Facts

(RTTNews) - Tile Shop Holdings Inc. (TTS) reported that its second-quarter net income decreased to $3.58 million or $0.07 per share, from $10.66 million or $0.33 per share, last year. Pro forma earnings per share was $0.13 for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.14 for the quarter. Analytsts' estimates typically exclude special items.

Net sales increased 25.5% to $58.1 million from $46.3 million last year. The growth in sales was driven by an increase in comparable store sales of 14.3%. Analysts expected revenue of $58.19 million for the quarter.