Here's Why Tile Shop Stock Is Surging Higher Today
Shares of tile and hard surfaces retailer Tile Shop Holdings (NASDAQ: TTS) were up 10.8% as of 12:45 p.m. EDT on Aug. 8. This followed news that the U.S. trade representative will delay the rollout of new tariffs on many Chinese-made goods imported into the U.S.
On the surface, this looks like a positive for Tile Shop. After all, CEO Cabell Lolmaugh said on the second-quarter earnings call that the company sourced 42% of its tile from China in 2018.
Image source: Getty Images.
Source Fool.com
