Brief: The Tile Shop Cancels Share Repurchase Program

Tile Shop Holdings

22/10/2019 11:18

Oct 22 (Reuters) - Tile Shop Holdings Inc  TTS.O :
    * THE TILE SHOP REPORTS THIRD QUARTER 2019 RESULTS; SUSPENDS
DIVIDEND; CANCELS SHARE REPURCHASE PROGRAM
    * QTRLY COMPARABLE STORE SALES DECREASED 3.5%
    * QTRLY NET SALES DECREASED 3.7%
    * INVENTORY DECREASED 9.1% TO $100.1 MILLION AT END OF Q3 OF
2019
    * QTRLY LOSS PER SHARE $0.03
    * TILE SHOP - INVENTORY DECREASED 9.1% TO $100.1 MILLION AT
END OF
Q3 OF 2019 FROM $110.1 MILLION AT END OF Q4 OF 2018
    * TILE SHOP HOLDINGS - DECIDED TO SUSPEND QTRLY CASH
DIVIDEND &
CANCEL SHARE REPURCHASE PROGRAM TO FOCUS ON DEBT REDUCTION
    * NET SALES DECREASED $3.3 MILLION, OR 3.7%, FROM $89.3
MILLION IN
Q3 OF 2018 TO $85.9 MILLION IN Q3 OF 2019
    * Q3 EARNINGS PER SHARE VIEW $0.00, REVENUE VIEW $85.9
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXCgbTr 
Further company coverage:  TTS.O 

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