Tile Shop Reports Net Sales Growth of 7.5% in Q3

Minneapolis, MN, October 17, 2017-Tile Shop Holdings’ net sales grew 7.5% to $84.4 million for Q3 2017, compared with $78.6 million Q3 2016.

The $5.9 million increase in net sales was due to a comparable store sales increase of 1.1%, or $0.9 million, and incremental net sales of $5.0 million from stores not included in the comparable store base. Comparable store sales growth for the third quarter of 2016 was 5.7%.

The company opened four new retail stores in Q3 2017, consisting of its first two Houston area locations in Webster, Texas and Sugarland, Texas, its fourth location in the Phoenix market in Glendale, Arizona and its sixth location in the Detroit market located in Troy, Michigan. As of September 30, 2017 the Company operates 134 stores in 31 states and the District of Columbia.