Tile Shop Hldgs Stock Price, News & Analysis

The Tile Shop (Nasdaq: TTSH) announced participation in two major investor conferences: the Loop Capital Markets Investor Conference on March 14, 2023, and the UBS Global Consumer Retail Conference on March 16, 2023. Key executives, including CFO Karla Lunan and VP Mark Davis, will represent the company at the events held at the Lotte New York Palace. An updated investor presentation will be available on the company’s website before the conference dates. The Tile Shop, specializing in natural stone and man-made tiles, operates 142 stores across the U.S., emphasizing high-quality products and exceptional customer service.

Tile Shop Holdings (TTSH) reported a 3.0% decline in net sales for Q4 2022, totaling $87.5 million, with comparable store sales down 2.8%. Despite a 6.5% annual increase in net sales to $394.7 million, the gross margin fell to 64.5% from 66.1%. Q4 net income was $1.5 million or $0.03 per share, compared to $1.8 million or $0.04 per share a year prior. Adjusted EBITDA was $8.9 million, reflecting operational challenges, including increased costs. The company completed a share repurchase of 7.8 million shares for $30.2 million, funded by increased debt, which now stands at $45.4 million.

Tile Shop Holdings, Inc. (TTSH) will announce its fourth quarter financial results for 2022 on March 2, 2023, at 7:00 a.m. ET. Following the results, a conference call hosted by CEO Cabell Lolmaugh, CFO Karla Lunan, and VP Mark Davis will commence at 9:00 a.m. ET. Investors can pre-register for the call and access the webcast on the company's Investor Relations page. The Tile Shop, a leading retailer of natural and man-made tiles, operates 142 stores across 31 states and D.C., emphasizing high-quality products and exceptional customer service.

Tile Shop Holdings (TTSH) reported a 5.3% increase in net sales for Q3 2022, totaling $97.2 million, marking the sixth consecutive quarterly sales record. Gross margin decreased to 66.5%, influenced by rising product costs. Net income reached $3.8 million, with earnings per diluted share at $0.08. Adjusted EBITDA rose to $12.2 million, improving from $10.4 million year-over-year. The company completed a share repurchase program, buying back 7.8 million shares for $30.2 million. Cash balance stood at $12.4 million, with total debt at $30.4 million as of September 30, 2022.

Tile Shop Holdings, Inc. (Nasdaq: TTSH) will announce its third-quarter financial results for the period ending September 30, 2022, at 7:00 a.m. Eastern Time on November 3, 2022. A conference call for investors is scheduled for the same day at 9:00 a.m. Eastern Time, featuring key executives including CEO Cabell Lolmaugh and CFO Karla Lunan. The call will be accessible via a pre-registration link and will be available as a webcast on the company’s Investor Relations page. Tile Shop operates 143 stores across 31 states and the District of Columbia, specializing in tiles and related accessories.

Tile Shop Holdings (TTSH) has authorized a share repurchase program worth up to $30 million to buyback its common stock. The Board believes the shares are currently undervalued and aims to enhance shareholder value while maintaining investment in core strategies. The repurchase will be funded through existing cash, borrowing against a revolving line of credit, and future cash flows. As of June 30, 2022, TTSH reported $10.5 million in cash and $92.6 million available for borrowing. The program has no expiration and may be adjusted as necessary.