Tile Shop Holdings: Rises on upbeat Q3 results
18/10/2018 13:36
** Tile retailer's shares TTS.O up 8 pct at $7.25
premarket after Q3 sales beat, surprise comparable sales rise
** Q3 sales up ~6 pct at $89.3 mln vs. est $87.4 mln as
better product assortment initiatives helped attract
professional customers urn:newsml:reuters.com:*:nGNX4MzNsm
** Comparable store sales up 2.1 pct vs. est of decline of 1
pct, according to I/B/E/S data from Refinitiv
** Q3 gross margins also up due to decreased promotional
activity
** Up to Wednesday's close, stock down 30 pct YTD
(Reporting by Aishwarya Venugopal in Bengaluru)
((Reuters Messaging:
Aishwarya.Venugopal.thomsonreuters.com@reuters.net))