On the surface, there doesn't seem to be much good in Tile Shop Holdings Inc's (NASDAQ: TTS)first-quarter earnings report. Sales fell 1% on a big 6.8% decline in comparable-store sales, earnings per share fell 47%, and expenses increased at double-digit rate. Surprisingly, Tile Shop's shares traded up as much as 7% and finished the day of its earnings release up 5%.
Here's Why Tile Shop Holdings Got a Pass After a Bad Quarter
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