Tile Shop Q2 net sales surge 42% to $96.2M; net income $5.5M vs loss last year

TILE SHOP HOLDINGS, INC.

2021-Q2 EPS reported $0.21 revenue$188,277,000

Net sales of $96.2M, +42.0% YoY; comp store sales +41.6%.
Gross margin expanded to 69.1% from 67.1% YoY.
Net income $5.5M ($0.11 diluted EPS) vs net loss $0.8M (-$0.02) last year.
Adjusted EBITDA $15.4M (16.0% of sales) vs $6.6M (9.8%) a year ago.
CEO: new quarterly sales record driven by strong home improvement demand.

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