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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.
The Tile Shop Holdings, Inc. (OTC Pink: TTSH) announced it will release its financial results for Q1 2021 on May 7, 2021, at 7:00 a.m. Eastern Time. A conference call will follow at 9:00 a.m. on the same day, hosted by CEO Cabell Lolmaugh, CFO Nancy DiMattia, and VP of Investor Relations Mark Davis. The company operates 143 stores across 31 states and the District of Columbia, providing high-quality natural stone and tiles, along with exceptional customer service. Investors can access the call via webcast or phone, with a replay available on the company's Investor Relations website.
Tile Shop Holdings (TTSH) reported a 3.8% increase in fourth-quarter net sales, totaling $81.6 million, and a 3.3% rise in comparable store sales compared to the previous year. The gross margin stood at 68.5%, slightly up from 68.4%. The company achieved a net income of $1.4 million, marking a significant turnaround from a loss of $4.2 million in Q4 2019. SG&A expenses decreased by $5 million, contributing to improved overall profitability. Notably, the company fully repaid its debt by the end of the quarter, positioning itself for growth in 2021 while pursuing a potential Nasdaq listing.
Tile Shop Holdings, Inc. (TTSH) will release its fourth quarter financial results for the period ending December 31, 2020, on March 11, 2021, at 7:00 a.m. Eastern Time. The Company will conduct a conference call at 9:00 a.m. Eastern Time on the same day, featuring CEO Cabell Lolmaugh, CFO Nancy DiMattia, and VP Mark Davis. Investors can access the call via webcast on the Company's website or through dedicated phone lines. Tile Shop operates 143 stores across 31 states, offering a variety of tiles and related products, emphasizing high-quality service and extensive selections.
The Tile Shop has opened a new retail showroom in Wayne, New Jersey, marking its 6th location in the state. This 10,000-square-foot store features over 6,000 tile and stone products, catering to both homeowners and trade professionals. Customers can access expert design assistance from in-store specialists, enhancing their project experience from inspiration to installation. The Tile Shop continues to grow, now operating 143 locations across the U.S., offering a variety of styles and exclusive designer collections.