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Tile Shop Holdings Inc (NASDAQ: TTSH) is a leading specialty retailer of premium natural stone, luxury vinyl, and engineered tiles for residential and commercial projects. This page serves as the definitive source for all official company announcements, financial updates, and strategic developments.
Investors and industry professionals will find timely updates on quarterly earnings, product innovations, executive leadership changes, and exclusive design partnerships. Our curated feed includes press releases about new showroom openings, sustainability initiatives, and collaborations with renowned design houses like Morris & Co.
Key coverage areas include financial performance reports, strategic acquisitions, product line expansions, and operational milestones. Bookmark this page to stay informed about TTSH's market position in the competitive home improvement sector through verified, up-to-date information.
The Tile Shop (NASDAQ: TTSH) has expanded its exclusive collaboration with British heritage brand Morris & Co., introducing two new tile designs inspired by iconic William Morris wallpaper patterns. The new additions, 'St. James' and 'Hawkdale Willow Olive', are now available online and at The Tile Shop's 140+ U.S. locations.
This expansion builds on the success of the Morris & Co. Tile collection, which launched in 2021 and includes the retailer's top-selling patterned tile, Pure Net. The collaboration aims to offer customers more ways to incorporate Arts & Crafts designs into their homes. Kirsty Froelich, Director of Design at The Tile Shop, worked closely with Morris & Co.'s creative team to develop these new designs, drawing inspiration from the brand's extensive archive.
Tile Shop Holdings (TTSH) reported Q2 2024 results with net sales decreasing 7.3% to $91.4 million and comparable store sales declining 6.9%. The company achieved a gross margin of 66%, up from 64.2% in Q2 2023. Net income was $1.2 million, or $0.03 per diluted share, down from $5.1 million in Q2 2023. Adjusted EBITDA decreased to $6.7 million from $13.6 million year-over-year.
CEO Cabell Lolmaugh noted softness in existing home sales and lower store traffic, but highlighted promising results from recent product line enhancements. The company ended the quarter with 142 stores and $25.3 million in cash with no borrowings on its $75 million credit line.
Celebrity interior designer Nikki Chu has launched her debut tile collection, Nikki Chu Tile, exclusively at The Tile Shop (NASDAQ: TTSH). The collection features chic, globally inspired designs influenced by Chu's travels and translates her iconic rug and wallpaper patterns into tile. The line includes three distinctive styles:
1. Tangier: A 20" x 20" porcelain tile with bold, graphic patterns
2. Zulu: An 8" x 8" ceramic tile with a dynamic, arched motif
3. Luxor: A 2.5" x 10" ceramic subway tile with subtle details
All tiles feature matte finishes, hand-drawn patterns, and neutral colorways designed to mix and match. The collection is now available at tileshop.com and all Tile Shop U.S. locations.
Tile Shop Holdings, Inc. (Nasdaq: TTSH), a specialty retailer of natural stone and tile products, has announced its upcoming second quarter 2024 earnings release and conference call. The company will disclose financial results for the quarter ended June 30, 2024, on Thursday, August 8, 2024, at 7:00 a.m. Eastern Time. This will be followed by a conference call and webcast for investors at 9:00 a.m. Eastern Time on the same day.
The call will be hosted by CEO Cabell Lolmaugh, CFO Mark Davis, and Investor Relations representative Ken Cooper. Investors can access the webcast through the company's Investor Relations page at www.tileshop.com or join via phone. Tile Shop intends to use its website, investors.tileshop.com, for disclosing material non-public information and complying with Regulation FD obligations.
Tile Shop Holdings, Inc. reported a decrease in net sales and comparable store sales by 10.1% and 10.2% respectively for the first quarter of 2024. Despite challenges in existing home sales affecting traffic, the company saw an improvement in gross margin rate, generated strong cash flow, and controlled costs. The company had net income of $1.7 million, adjusted EBITDA of $7.4 million, diluted EPS of $0.04, and ending cash balance of $24.0 million with no long-term debt.
Tile Shop Holdings, Inc. (Nasdaq: TTSH) will release its first-quarter financial results on May 9, 2024, at 7:00 a.m. ET, followed by a conference call hosted by the CEO, CFO, and Investor Relations. Investors can participate via webcast and access dial-in information. A webcast replay will be available on the Company's Investor Relations page. The Company will use its website for disclosing material non-public information and complying with disclosure obligations.
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