The Tile Shop reports Q1 EPS 4c vs. 6c last year

Reports Q1 revenue $91.7M vs. $102M last year. Cabell Lolmaugh, CEO, said “Continued softness in existing home sales contributed to lower levels of traffic in our stores and had an adverse impact on our comparable store sales during the first quarter of 2024. Despite these challenges, we saw an improvement in our gross margin rate and were able to generate strong operating cash flow. Additionally, we were able to make significant inroads executing our key strategies and controlling costs.”