Tile Shop Holdings Second Quarter 2023 Earnings: EPS: US$0.12 (vs US$0.14 in 2Q 2022)
Tile Shop Holdings (NASDAQ:TTSH) Second Quarter 2023 Results
Key Financial Results
Revenue: US$98.6m (down 8.4% from 2Q 2022).
Net income: US$5.08m (down 27% from 2Q 2022).
Profit margin: 5.2% (down from 6.4% in 2Q 2022). The decrease in margin was driven by lower revenue.
EPS: US$0.12 (down from US$0.14 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tile Shop Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 7.1% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Tile Shop Holdings' balance sheet and an in-depth analysis of the company's financial position.
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