Tile Shop Holdings Q2 EPS $0.03 Down From $0.12 YoY, Sales $91.38M Down From $98.56M YoY
Portfolio Pulse from Benzinga Newsdesk
Tile Shop Holdings (NASDAQ:TTSH) reported a significant decline in its Q2 earnings and sales compared to the same period last year. The company's EPS dropped by 75% from $0.12 to $0.03, and sales decreased by 7.28% from $98.56 million to $91.38 million.
August 08, 2024 | 11:09 am
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Tile Shop Holdings reported a 75% decrease in Q2 EPS and a 7.28% decrease in sales YoY. This significant decline in financial performance is likely to negatively impact the stock price in the short term.
The substantial decline in both EPS and sales indicates weaker financial performance, which is likely to lead to a negative market reaction and short-term stock price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100