The Tile Shop reports Q2 EPS 12c vs. 13c last year

Reports Q2 revenue $98.6M vs. $107.6M last year. “The current macro-economic environment contributed to challenges in our store traffic and comparable store sales during the second quarter,” stated Cabell Lolmaugh, CEO. “At the same time, gross margin was consistent with the previous quarter as supplier costs for our products and ocean freight rates moderated. We remain disciplined with respect to our cost structure and working capital which helped us maintain strong operating cash flow and payoff over half of our debt so far this year.”