Tile Shop Q1 EPS, Revenues Beat Street Forecasts

Tile Shop Holdings, a tile retailer, reported Q1 non-GAAP diluted earnings per share of $0.16, compared with $0.14 for the same period last year, and ahead of the Capital IQ consensus forecast of $0.14. Revenues for the quarter were $92.1 million, up from $84.7 million in the year-ago quarter, and also beating the analyst forecast of $89.7 million.

The company said it is reaffirming its expectations for full-year 2017, which includes earnings per share of between $0.50 and $0.57 on revenues of $350 million to $370 million. It also expects to open 12 to 15 new stores in 2017. Analysts are expecting FY17 EPS of $0.53 per share on revenues of $356.7 million.

By Stephen Holmes