Tile Shop Hldgs Stock Price, News & Analysis

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.

Tile Shop Holdings (TTSH) reported Q2 2022 results with net sales of $107.6 million, up 11.9% year-over-year. Comparable store sales increased 12.0%, primarily driven by higher average prices. Gross margin declined to 66.0% from 69.1% due to inflationary pressures. Net income rose to $6.9 million, yielding $0.13 earnings per diluted share. Adjusted EBITDA was $16.8 million, slightly higher than last year. Management acknowledges challenges from inflation but expresses confidence in long-term success.

Tile Shop Holdings, Inc. (TTSH) will release its second quarter financial results on August 4, 2022, at 7:00 a.m. ET. A conference call for investors will follow at 9:00 a.m. ET, hosted by CEO Cabell Lolmaugh, CFO Karla Lunan, and VP Mark Davis. Investors can participate via webcast on the company's website or by phone. The Tile Shop is a leading retailer of natural stone and man-made tiles, with 143 stores across 31 states and D.C.

Tile Shop Holdings (Nasdaq: TTSH) announced its participation in the 3rd Annual Loop Capital Markets Investor Conference, scheduled for June 1-2, 2022. CEO Cabell Lolmaugh, CFO Karla Lunan, and VP Mark Davis will engage in virtual and in-person meetings with investors. A virtual session is set for June 1, while the second day features in-person engagements at the Westin New York Times Square. An updated investor presentation will be accessible on the company's site before the market opens on June 1, emphasizing transparency through its digital channels.

Tile Shop Holdings, Inc. (Nasdaq: TTSH) reported an 11.3% increase in net sales for Q1 2022, reaching $102.5 million, a historic milestone. Comparable store sales rose 10.7%. Despite gross margin decreasing from 69.7% to 65.2% due to inflationary pressures, net income was $3.5 million with diluted earnings per share at $0.07. Adjusted EBITDA fell to $11.7 million from $14.7 million. Total cash was $13.5 million against $5 million in debt. Management noted inflation's impact on margins but remains optimistic about sales growth.