TTSH Stock Gains Despite Y/Y Q3 Earnings Decline, Gross Margin Expands
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Tile Shop Holdings (TTSH) reported a year-over-year decline in Q3 2024 earnings, but the stock gained as gross margins expanded. The decrease in comparable store sales affected the overall topline.
November 07, 2024 | 5:45 pm
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Tile Shop Holdings (TTSH) experienced a year-over-year decline in Q3 2024 earnings, but the stock price increased due to an expansion in gross margins. The decrease in comparable store sales impacted the overall topline.
Despite a decline in earnings, the market reacted positively to the expansion in gross margins, which is often seen as a sign of improved operational efficiency. This likely led to the stock price increase.
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