The Tile Shop Reports Second Quarter 2025 Results
Tile Shop Holdings (Nasdaq: TTSH) reported challenging second quarter 2025 results, with net sales declining 3.4% to $88.26 million and comparable store sales dropping 3.5%. The company's gross margin decreased to 64.4% from 66.0% year-over-year, while net income fell to $0.4 million from $1.2 million in Q2 2024.
The company maintained a strong balance sheet with no debt and $27.8 million in cash. To optimize operations, TTSH closed its Spring Valley distribution center, expecting $1.0 million in annual cost savings. The company also closed one store in Q2 and another in Q3 2025 at their lease terms' end.
Management attributed the sales decline to lower housing turnover affecting store traffic, though noted some improvement in unit volumes through expanded entry-level product offerings.
Tile Shop Holdings (Nasdaq: TTSH) ha riportato risultati difficili nel secondo trimestre 2025, con le vendite nette in calo del 3,4% a 88,26 milioni di dollari e una diminuzione del 3,5% delle vendite comparabili nei negozi. Il margine lordo è sceso al 64,4% rispetto al 66,0% dell'anno precedente, mentre il utile netto è diminuito a 0,4 milioni di dollari dai 1,2 milioni del secondo trimestre 2024.
L'azienda ha mantenuto un bilancio solido con assenza di debiti e 27,8 milioni di dollari in cassa. Per ottimizzare le operazioni, TTSH ha chiuso il centro di distribuzione di Spring Valley, prevedendo risparmi annui sui costi di 1,0 milione di dollari. Inoltre, ha chiuso un negozio nel secondo trimestre e un altro nel terzo trimestre 2025 alla scadenza del contratto di locazione.
La direzione ha attribuito il calo delle vendite a una minore rotazione delle abitazioni che ha influenzato il traffico nei negozi, pur segnalando un miglioramento nelle unità vendute grazie all'ampliamento dell'offerta di prodotti entry-level.
Tile Shop Holdings (Nasdaq: TTSH) reportó resultados desafiantes en el segundo trimestre de 2025, con una disminución de las ventas netas del 3,4% hasta 88,26 millones de dólares y una caída del 3,5% en las ventas comparables en tiendas. El margen bruto bajó al 64,4% desde el 66,0% del año anterior, mientras que el ingreso neto cayó a 0,4 millones de dólares desde 1,2 millones en el segundo trimestre de 2024.
La empresa mantuvo un balance sólido con sin deuda y 27,8 millones de dólares en efectivo. Para optimizar operaciones, TTSH cerró su centro de distribución en Spring Valley, anticipando ahorros anuales en costos de 1,0 millón de dólares. También cerró una tienda en el segundo trimestre y otra en el tercero de 2025 al finalizar sus contratos de arrendamiento.
La gerencia atribuyó la caída en ventas a una menor rotación de viviendas que afectó el tráfico en tiendas, aunque señaló cierta mejora en el volumen de unidades gracias a la expansión de la oferta de productos de nivel básico.
Tile Shop Holdings (나스닥: TTSH)는 2025년 2분기에 어려운 실적을 보고했으며, 순매출이 3.4% 감소한 8,826만 달러를 기록하고, 동일 점포 매출은 3.5% 하락했습니다. 회사의 총이익률은 전년 대비 66.0%에서 64.4%로 감소했으며, 순이익은 2024년 2분기 120만 달러에서 40만 달러로 줄어들었습니다.
회사는 부채 없이 2,780만 달러의 현금을 보유한 강력한 재무 상태를 유지했습니다. 운영 최적화를 위해 TTSH는 Spring Valley 물류 센터를 폐쇄하여 연간 100만 달러의 비용 절감을 기대하고 있습니다. 또한 2분기에 한 매장을, 3분기에는 임대 계약 종료에 따라 또 다른 매장을 폐점했습니다.
경영진은 주택 거래 감소로 매장 방문객 수가 줄어든 것이 매출 감소의 원인이라고 설명했으나, 진입 수준 제품군 확장을 통해 판매 단위 수가 일부 개선된 점은 긍정적으로 평가했습니다.
Tile Shop Holdings (Nasdaq : TTSH) a annoncé des résultats difficiles pour le deuxième trimestre 2025, avec une baisse des ventes nettes de 3,4 % à 88,26 millions de dollars et une diminution de 3,5 % des ventes comparables en magasin. La marge brute a diminué à 64,4 % contre 66,0 % l'année précédente, tandis que le résultat net est tombé à 0,4 million de dollars contre 1,2 million au deuxième trimestre 2024.
L'entreprise a conservé un bilan solide avec aucune dette et 27,8 millions de dollars en liquidités. Pour optimiser ses opérations, TTSH a fermé son centre de distribution de Spring Valley, prévoyant des économies annuelles de coûts de 1,0 million de dollars. La société a également fermé un magasin au deuxième trimestre et un autre au troisième trimestre 2025 à la fin de leurs baux.
La direction a attribué la baisse des ventes à un turnover immobilier plus faible affectant la fréquentation des magasins, tout en notant une amélioration des volumes unitaires grâce à l'élargissement de l'offre de produits d'entrée de gamme.
Tile Shop Holdings (Nasdaq: TTSH) meldete herausfordernde Ergebnisse für das zweite Quartal 2025, mit einem Rückgang des Nettoumsatzes um 3,4 % auf 88,26 Millionen US-Dollar und einem Rückgang der vergleichbaren Filialumsätze um 3,5 %. Die Bruttomarge sank von 66,0 % auf 64,4 %, während der Nettoertrag von 1,2 Millionen US-Dollar im zweiten Quartal 2024 auf 0,4 Millionen US-Dollar fiel.
Das Unternehmen hielt eine starke Bilanz mit keinen Schulden und 27,8 Millionen US-Dollar an liquiden Mitteln. Zur Optimierung der Abläufe schloss TTSH das Vertriebszentrum in Spring Valley und erwartet jährliche Kosteneinsparungen von 1,0 Million US-Dollar. Außerdem wurden im zweiten Quartal ein Geschäft und im dritten Quartal 2025 ein weiteres zum Ende der Mietverträge geschlossen.
Das Management führte den Umsatzrückgang auf eine geringere Wohnungsumschlagrate zurück, die den Kundenverkehr in den Filialen beeinträchtigte, stellte jedoch eine Verbesserung der Verkaufszahlen durch erweiterte Einstiegsproduktangebote fest.
- Strong balance sheet with $27.8 million cash and zero debt
- Expected $1.0 million annual cost savings from distribution center closure
- Maintained high gross margin of 64.4% despite challenges
- Reduced SG&A expenses by $2.1 million or 3.6% year-over-year
- Net sales declined 3.4% to $88.26 million year-over-year
- Comparable store sales decreased 3.5%
- Net income dropped 67.8% to $0.4 million from $1.2 million
- Gross margin contracted 160 basis points to 64.4%
- Pretax Return on Capital Employed fell to 0.0% from 6.8% year-over-year
Insights
TTSH reports declining sales, margins, and profitability with net income dropping 68% to $0.4M amid housing market challenges.
The Tile Shop's Q2 2025 results reveal significant performance deterioration across key metrics. Net sales fell
The margin pressure is particularly noteworthy. Gross margin contracted 160 basis points to
On the operational side, management has taken several cost-cutting measures. The company closed its Wisconsin distribution center in Q2 2025, anticipating
The company's Pretax Return on Capital Employed has collapsed to
The one bright spot is the balance sheet - TTSH maintains zero debt and has increased its cash position to
MINNEAPOLIS, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone, man-made and luxury vinyl tiles, today announced results for its second quarter ended June 30, 2025.
Second Quarter 2025 Summary
Net Sales Decreased
Comparable Store Sales Decreased
Gross Margin of
Net Income of
No Debt Outstanding and
Management Commentary – Cabell Lolmaugh, CEO
“We believe the steps we’ve taken to expand our assortment of entry level, competitively priced products have contributed to a modest improvement in unit volumes during the second quarter when compared to the prior year. The improvement in unit volumes was offset due to increased demand for products carrying lower average selling prices and an increase in discounting. Housing turnover remains near historic lows, which continues to put pressure on traffic in our stores and our comparable store sales results. Nevertheless, we believe the refinements made to our assortment have helped broaden our appeal to a wider range of customers and position us to more effectively navigate the challenges of the current environment.”
| Three Months Ended | Six Months Ended | |||||||||||||||
| (unaudited, dollars in thousands, except per | June 30, | June 30, | ||||||||||||||
| share data) | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net sales | $ | 88,260 | $ | 91,384 | $ | 176,269 | $ | 183,112 | ||||||||
| Net sales decline(1) | (3.4 | )% | (7.3 | )% | (3.7 | )% | (8.7 | )% | ||||||||
| Comparable store sales decline (2) | (3.5 | )% | (6.9 | )% | (3.8 | )% | (8.6 | )% | ||||||||
| Gross margin rate | 64.4 | % | 66.0 | % | 65.2 | % | 65.9 | % | ||||||||
| Income from operations as a % of net sales | 0.5 | % | 2.0 | % | 0.4 | % | 2.3 | % | ||||||||
| Net income | $ | 392 | $ | 1,219 | $ | 564 | $ | 2,908 | ||||||||
| Net income per diluted share | $ | 0.01 | $ | 0.03 | $ | 0.01 | $ | 0.07 | ||||||||
| Adjusted EBITDA | $ | 4,937 | $ | 6,733 | $ | 9,503 | $ | 14,150 | ||||||||
| Adjusted EBITDA as a % of net sales | 5.6 | % | 7.4 | % | 5.4 | % | 7.7 | % | ||||||||
| Number of stores open at the end of period | 141 | 142 | 141 | 142 | ||||||||||||
(1) As compared to the prior year period.
(2) The comparable store sales operating metric is the percentage change in sales of comparable stores period over period. A store is considered comparable on the second day of the 13th full month of operation. When a store is relocated, it is excluded from the comparable store sales calculation. Comparable store sales include total charges to customers less any actual returns. The Company includes the change in allowance for anticipated sales returns applicable to comparable stores in the comparable store sales calculation.
SECOND QUARTER 2025
Net Sales
Net sales for the second quarter of 2025 decreased
Gross Profit
Gross profit decreased
Selling, General and Administrative Expenses
Selling, general, and administrative expenses decreased
In response to the challenges faced in our industry and continued pressure on our topline results, we closed our distribution center based in Spring Valley, WI during the second quarter of 2025. We did not incur any material asset impairment or severance costs in connection with this closure. We anticipate the annualized benefit from closing this distribution center will be approximately
In addition, we closed one store during the second quarter at the end of its lease term. We did not incur any material asset impairment or severance costs in connection with this closure. Additionally, we closed a second store during the third quarter at the end of its lease term.
Provision for Income Taxes
The provision for income taxes for the second quarter of 2025 and 2024 was
Capital Structure and Liquidity
As of June 30, 2025, the Company had no borrowings outstanding on its
NON-GAAP INFORMATION
Adjusted EBITDA
Adjusted EBITDA for the second quarter of 2025 was
| Three Months Ended | |||||||||||||||
| ($ in thousands, unaudited) | June 30, | ||||||||||||||
| 2025 | % of net sales (1) | 2024 | % of net sales (1) | ||||||||||||
| Net income | $ | 392 | 0.4 | % | $ | 1,219 | 1.3 | % | |||||||
| Interest (Income)/expense, net | (29 | ) | (0.0 | ) | 57 | 0.1 | |||||||||
| Provision for income taxes | 77 | 0.1 | 575 | 0.6 | |||||||||||
| Depreciation and amortization | 4,190 | 4.7 | 4,602 | 5.0 | |||||||||||
| Stock based compensation | 307 | 0.3 | 280 | 0.3 | |||||||||||
| Adjusted EBITDA | $ | 4,937 | 5.6 | % | $ | 6,733 | 7.4 | % | |||||||
| Six Months Ended | |||||||||||||||
| ($ in thousands, unaudited) | June 30, | ||||||||||||||
| 2025 | % of net sales | 2024 | % of net sales | ||||||||||||
| Net income | $ | 564 | 0.3 | % | $ | 2,908 | 1.6 | % | |||||||
| Interest (Income)/expense, net | (47 | ) | (0.0 | ) | 223 | 0.1 | |||||||||
| Provision for income taxes | 106 | 0.1 | 1,003 | 0.5 | |||||||||||
| Depreciation and amortization | 8,195 | 4.6 | 9,344 | 5.1 | |||||||||||
| Stock based compensation | 685 | 0.4 | 672 | 0.4 | |||||||||||
| Adjusted EBITDA | $ | 9,503 | 5.4 | % | $ | 14,150 | 7.7 | % | |||||||
(1) Amounts do not foot due to rounding.
Pretax Return on Capital Employed
Pretax Return on Capital Employed was
| ($ in thousands, unaudited) | June 30, | ||||||
| 2025(1) | 2024(1) | ||||||
| Income from Operations (trailing twelve months) | $ | 6 | $ | 8,433 | |||
| Total Assets | 322,302 | 321,899 | |||||
| Less: Accounts payable | (24,528 | ) | (23,944 | ) | |||
| Less: Income tax payable | (58 | ) | (652 | ) | |||
| Less: Other accrued liabilities | (28,475 | ) | (31,288 | ) | |||
| Less: Lease liability | (141,286 | ) | (138,118 | ) | |||
| Less: Other long-term liabilities | (4,651 | ) | (4,763 | ) | |||
| Capital Employed | $ | 123,304 | $ | 123,134 | |||
| Pretax Return on Capital Employed | 0.0 | % | 6.8 | % | |||
(1) Income statement accounts represent the activity for the trailing twelve months ended as of each of the balance sheet dates. Balance sheet accounts represent the average account balance for the four quarters ended as of each of the balance sheet dates.
Non-GAAP Financial Measures
The Company calculates Adjusted EBITDA by taking net income calculated in accordance with GAAP, and adjusting for interest (income) expense, income taxes, depreciation and amortization, and stock-based compensation expense. Adjusted EBITDA margin is equal to Adjusted EBITDA divided by net sales. The Company calculates Pretax Return on Capital Employed by taking income (loss) from operations divided by capital employed. Capital employed equals total assets less accounts payable, income taxes payable, other accrued liabilities, lease liability and other long-term liabilities. Other companies may calculate both Adjusted EBITDA and Pretax Return on Capital Employed differently, limiting the usefulness of these measures for comparative purposes.
The Company believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and results of operations. Company management uses these non-GAAP measures to compare Company performance to that of prior periods for trend analyses, for purposes of determining management incentive compensation, for budgeting and planning purposes and for assessing the effectiveness of capital allocation over time. These measures are used in monthly financial reports prepared for management and the Board of Directors. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other specialty retailers, many of which present similar non-GAAP financial measures to investors.
Company management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the Company’s consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. The Company urges investors to review the reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate the business.
WEBCAST AND CONFERENCE CALL
As announced on July 31, 2025, the Company will host a conference call via webcast for investors and other interested parties beginning at 9:00 a.m. Eastern Time on Thursday, August 7, 2025. The call will be hosted by Cabell Lolmaugh, CEO, Mark Davis, CFO, and Ken Cooper, Investor Relations.
Participants may access the webcast by visiting the Investor Relations page at www.tileshop.com. The call can also be accessed here. A webcast replay of the call will be available on the Company’s Investor Relations page at www.tileshop.com.
The Company intends to use its website, investors.tileshop.com, as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Such disclosures will be included on the Company’s website under the heading News and Events. Accordingly, investors should monitor such portions of the Company’s website, in addition to following its press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
Contact:
Investors and Media:
Mark Davis
Chief Financial Officer
investorrelations@tileshop.com
ABOUT THE TILE SHOP
Tile Shop Holdings, Inc. (Nasdaq: TTSH) is a specialty retailer of natural stone, man-made and luxury vinyl tiles, setting and maintenance materials, and related accessories in the United States. The Company offers a wide selection of high-quality products, exclusive designs, knowledgeable staff and exceptional customer service in an extensive showroom environment. As of June 30, 2025, the Company had 141 stores in 31 states and the District of Columbia.
The Tile Shop is a proud member of the American Society of Interior Designers (ASID), National Association of Homebuilders (NAHB), National Kitchen and Bath Association (NKBA), and the National Tile Contractors Association (NTCA). Visit www.tileshop.com. Join The Tile Shop (#thetileshop) on Facebook, Instagram, Pinterest and YouTube.
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward looking statements include any statements regarding the Company’s strategic and operational plan and expected financial performance. Forward looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward looking statements are based on information available at the time such statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties, many of which are difficult to predict and are outside of our control, that may cause actual results, performance, or achievements to differ materially from any expected future results, performance, or achievements expressed or implied by the forward looking statements, including but not limited to unforeseen events that may affect the retail market or the performance of the Company’s stores. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances, except as required by law. Investors are referred to the most recent reports filed by the Company with the Securities and Exchange Commission.
Tile Shop Holdings, Inc. and Subsidiaries
Consolidated Balance Sheets
($ in thousands, except per share data)
| June 30, | December 31, | |||||||
| 2025 | 2024 | |||||||
| (unaudited) | (audited) | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 27,758 | $ | 20,957 | ||||
| Receivables, net | 4,336 | 3,085 | ||||||
| Inventories | 85,965 | 86,267 | ||||||
| Income tax receivable | 1,543 | 850 | ||||||
| Other current assets, net | 6,668 | 8,663 | ||||||
| Total Current Assets | 126,270 | 119,822 | ||||||
| Property, plant and equipment, net | 59,085 | 59,733 | ||||||
| Right of use asset | 132,332 | 132,861 | ||||||
| Deferred tax assets | 4,553 | 4,890 | ||||||
| Other assets | 1,870 | 2,297 | ||||||
| Total Assets | $ | 324,110 | $ | 319,603 | ||||
| Liabilities and Stockholders' Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 25,610 | $ | 23,808 | ||||
| Income tax payable | - | 62 | ||||||
| Current portion of lease liability | 29,315 | 28,880 | ||||||
| Other accrued liabilities | 27,855 | 25,644 | ||||||
| Total Current Liabilities | 82,780 | 78,394 | ||||||
| Long-term debt | - | - | ||||||
| Long-term lease liability, net | 112,403 | 113,700 | ||||||
| Other long-term liabilities | 5,050 | 4,597 | ||||||
| Total Liabilities | 200,233 | 196,691 | ||||||
| Stockholders’ Equity: | ||||||||
| Common stock, par value | 4 | 4 | ||||||
| Preferred stock, par value | - | - | ||||||
| Additional paid-in capital | 130,099 | 129,696 | ||||||
| Accumulated deficit | (6,226 | ) | (6,788 | ) | ||||
| Total Stockholders' Equity | 123,877 | 122,912 | ||||||
| Total Liabilities and Stockholders' Equity | $ | 324,110 | $ | 319,603 | ||||
Tile Shop Holdings, Inc. and Subsidiaries
Consolidated Statements of Income
($ in thousands, except per share data)
(unaudited)
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Net sales | $ | 88,260 | $ | 91,384 | $ | 176,269 | $ | 183,112 | ||||||||
| Cost of sales | 31,419 | 31,053 | 61,358 | 62,462 | ||||||||||||
| Gross profit | 56,841 | 60,331 | 114,911 | 120,650 | ||||||||||||
| Selling, general and administrative expenses | 56,401 | 58,480 | 114,288 | 116,516 | ||||||||||||
| Income from operations | 440 | 1,851 | 623 | 4,134 | ||||||||||||
| Interest income/(expense), net | 29 | (57 | ) | 47 | (223 | ) | ||||||||||
| Income before income taxes | 469 | 1,794 | 670 | 3,911 | ||||||||||||
| Provision for income taxes | (77 | ) | (575 | ) | (106 | ) | (1,003 | ) | ||||||||
| Net income | $ | 392 | $ | 1,219 | $ | 564 | $ | 2,908 | ||||||||
| Income per common share: | ||||||||||||||||
| Basic | $ | 0.01 | $ | 0.03 | $ | 0.01 | $ | 0.07 | ||||||||
| Diluted | $ | 0.01 | $ | 0.03 | $ | 0.01 | $ | 0.07 | ||||||||
| Weighted average shares outstanding: | ||||||||||||||||
| Basic | 43,875,559 | 43,688,605 | 43,855,079 | 43,629,675 | ||||||||||||
| Diluted | 43,894,182 | 43,759,597 | 43,881,278 | 43,711,030 | ||||||||||||
Tile Shop Holdings, Inc. and Subsidiaries
Rate Analysis
(unaudited)
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Gross margin rate | 64.4 | % | 66.0 | % | 65.2 | % | 65.9 | % | ||||||||
| SG&A expense rate | 63.9 | % | 64.0 | % | 64.8 | % | 63.6 | % | ||||||||
| Income from operations margin rate | 0.5 | % | 2.0 | % | 0.4 | % | 2.3 | % | ||||||||
| Adjusted EBITDA margin rate | 5.6 | % | 7.4 | % | 5.4 | % | 7.7 | % | ||||||||
Tile Shop Holdings, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
($ in thousands)
(unaudited)
| Six Months Ended | ||||||||
| June 30, | ||||||||
| 2025 | 2024 | |||||||
| Cash Flows From Operating Activities | ||||||||
| Net income | $ | 564 | $ | 2,908 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 8,195 | 9,344 | ||||||
| Amortization of debt issuance costs | 36 | 36 | ||||||
| (Gain) loss on disposals of property, plant and equipment | (60 | ) | 32 | |||||
| Impairment charges | 190 | 949 | ||||||
| Non-cash lease expense | 13,862 | 13,404 | ||||||
| Stock based compensation | 685 | 672 | ||||||
| Deferred income taxes | 337 | 993 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Receivables, net | (1,251 | ) | (772 | ) | ||||
| Inventories | 302 | 7,608 | ||||||
| Other current assets, net | 2,385 | 1,984 | ||||||
| Accounts payable | 1,341 | (1,119 | ) | |||||
| Income tax receivable / payable | (755 | ) | (2,336 | ) | ||||
| Accrued expenses and other liabilities | (12,344 | ) | (10,251 | ) | ||||
| Net cash provided by operating activities | 13,487 | 23,452 | ||||||
| Cash Flows From Investing Activities | ||||||||
| Purchases of property, plant and equipment | (6,473 | ) | (6,257 | ) | ||||
| Proceeds from the sale of property, plant and equipment | 71 | - | ||||||
| Net cash used in investing activities | (6,402 | ) | (6,257 | ) | ||||
| Cash Flows From Financing Activities | ||||||||
| Payments of long-term debt | - | (10,000 | ) | |||||
| Advances on line of credit | - | 10,000 | ||||||
| Employee taxes paid for shares withheld | (284 | ) | (463 | ) | ||||
| Net cash used in financing activities | (284 | ) | (463 | ) | ||||
| Effect of exchange rate changes on cash | - | (11 | ) | |||||
| Net change in cash and cash equivalents | 6,801 | 16,721 | ||||||
| Cash and cash equivalents beginning of period | 20,957 | 8,620 | ||||||
| Cash and cash equivalents end of period | $ | 27,758 | $ | 25,341 | ||||
| Supplemental disclosure of cash flow information | ||||||||
| Purchases of property, plant and equipment included in accounts payable and accrued expenses | $ | 520 | $ | 126 | ||||
| Cash paid for interest | 104 | 167 | ||||||
| Cash paid (received) for income taxes, net | 524 | 2,346 | ||||||
FAQ
What were Tile Shop Holdings (TTSH) key financial results for Q2 2025?
How much cash does Tile Shop Holdings (TTSH) have on its balance sheet in Q2 2025?
What operational changes did Tile Shop Holdings implement in Q2 2025?
What caused Tile Shop Holdings' sales decline in Q2 2025?
How did Tile Shop Holdings' comparable store sales perform in Q2 2025?
