Welcome to our dedicated page for Tile Shop Hldgs news (Ticker: TTSH), a resource for investors and traders seeking the latest updates and insights on Tile Shop Hldgs stock.
Tile Shop Holdings, Inc. reports developments tied to its U.S. specialty retail business for natural stone, man-made and luxury vinyl tiles, setting and maintenance materials, and related accessories. Company news commonly covers quarterly operating results, comparable-store sales, gross margin, SG&A trends, distribution-center and store-network changes, and product merchandising through exclusive designer collaborations.
Recent corporate updates also include shareholder voting matters, stock split actions, Nasdaq listing-status disclosures, and other governance or capital-structure announcements connected to the company’s common stock.
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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.