Welcome to our dedicated page for Tile Shop Holdings news (Ticker: TTSH), a resource for investors and traders seeking the latest updates and insights on Tile Shop Holdings stock.
Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company manufactures setting and maintenance materials such as thinset, grout, and sealers, catering to consumers, contractors, designers, and home builders. Their product range includes natural stone tiles like marble, travertine, granite, quartz, and man-made products such as ceramic, porcelain, glass, and luxury vinyl tile.
The company operates over 100 retail locations across the country, with a focus on providing high-quality products, exceptional customer service, and exclusive designs. Tile Shop Holdings Inc is dedicated to helping customers through every phase of their projects, from planning to remodel, making their spaces beautiful and functional.
The Tile Shop has launched new tiles in its exclusive collaboration with Laura Ashley, featuring Wexbord and Coralie designs, aligning with the predicted 2025 Cottage Chic trend. The collection draws inspiration from English countryside aesthetics, with Wexbord based on a 1981 upholstery pattern and Coralie adapted from a wallpaper design.
The tiles feature updated colorways in midnight blue, fresh green, and dove grey, designed to create cozy, vintage feels with visual interest. The patterns incorporate floral details and organic elements, suitable for traditional, transitional, city cottage, and modern farmhouse designs. The collection is available exclusively at The Tile Shop's 142 U.S. showrooms and tileshop.com.
Tile Shop Holdings (TTSH) reported challenging Q3 2024 results with net sales decreasing 8.3% to $84.5 million and comparable store sales declining 7.9%. Despite headwinds, gross margin improved to 66.5% from 64.7% year-over-year. Net income dropped significantly to $41,000 from $1.8 million in Q3 2023. The company maintains a strong balance sheet with no bank debt and $25 million in cash.
In response to industry challenges, TTSH implemented cost-reduction measures including closing its New Jersey distribution center and Beijing office, with expected annual SG&A savings of $2.8-4.1 million. The company continues focusing on professional customer engagement and expanding lower-priced product offerings.
Tile Shop Holdings (TTSH), a specialty retailer of natural stone tiles, man-made and luxury vinyl tiles, announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024, at 7:00 a.m. Eastern Time. The company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time the same day, led by CEO Cabell Lolmaugh, CFO Mark Davis, and IR Ken Cooper. The webcast will be accessible through the company's Investor Relations page at tileshop.com.
The Tile Shop (Nasdaq: TTSH) has expanded its exclusive Annie Selke Tile collaboration with two new tile designs. The new additions include the watercolor-inspired 'Botanical' patterned tile and 'Bloom', a mosaic available in four neutral colorways. The collection, launched in 2019, now features over 120 unique products, making it the retailer's largest designer collaboration. These porcelain tiles are exclusively available at The Tile Shop's 142 U.S. locations and tileshop.com.
The Tile Shop (NASDAQ: TTSH) has expanded its exclusive collaboration with British heritage brand Morris & Co., introducing two new tile designs inspired by iconic William Morris wallpaper patterns. The new additions, 'St. James' and 'Hawkdale Willow Olive', are now available online and at The Tile Shop's 140+ U.S. locations.
This expansion builds on the success of the Morris & Co. Tile collection, which launched in 2021 and includes the retailer's top-selling patterned tile, Pure Net. The collaboration aims to offer customers more ways to incorporate Arts & Crafts designs into their homes. Kirsty Froelich, Director of Design at The Tile Shop, worked closely with Morris & Co.'s creative team to develop these new designs, drawing inspiration from the brand's extensive archive.
Tile Shop Holdings (TTSH) reported Q2 2024 results with net sales decreasing 7.3% to $91.4 million and comparable store sales declining 6.9%. The company achieved a gross margin of 66%, up from 64.2% in Q2 2023. Net income was $1.2 million, or $0.03 per diluted share, down from $5.1 million in Q2 2023. Adjusted EBITDA decreased to $6.7 million from $13.6 million year-over-year.
CEO Cabell Lolmaugh noted softness in existing home sales and lower store traffic, but highlighted promising results from recent product line enhancements. The company ended the quarter with 142 stores and $25.3 million in cash with no borrowings on its $75 million credit line.
Celebrity interior designer Nikki Chu has launched her debut tile collection, Nikki Chu Tile, exclusively at The Tile Shop (NASDAQ: TTSH). The collection features chic, globally inspired designs influenced by Chu's travels and translates her iconic rug and wallpaper patterns into tile. The line includes three distinctive styles:
1. Tangier: A 20" x 20" porcelain tile with bold, graphic patterns
2. Zulu: An 8" x 8" ceramic tile with a dynamic, arched motif
3. Luxor: A 2.5" x 10" ceramic subway tile with subtle details
All tiles feature matte finishes, hand-drawn patterns, and neutral colorways designed to mix and match. The collection is now available at tileshop.com and all Tile Shop U.S. locations.
Tile Shop Holdings, Inc. (Nasdaq: TTSH), a specialty retailer of natural stone and tile products, has announced its upcoming second quarter 2024 earnings release and conference call. The company will disclose financial results for the quarter ended June 30, 2024, on Thursday, August 8, 2024, at 7:00 a.m. Eastern Time. This will be followed by a conference call and webcast for investors at 9:00 a.m. Eastern Time on the same day.
The call will be hosted by CEO Cabell Lolmaugh, CFO Mark Davis, and Investor Relations representative Ken Cooper. Investors can access the webcast through the company's Investor Relations page at www.tileshop.com or join via phone. Tile Shop intends to use its website, investors.tileshop.com, for disclosing material non-public information and complying with Regulation FD obligations.
Tile Shop Holdings, Inc. reported a decrease in net sales and comparable store sales by 10.1% and 10.2% respectively for the first quarter of 2024. Despite challenges in existing home sales affecting traffic, the company saw an improvement in gross margin rate, generated strong cash flow, and controlled costs. The company had net income of $1.7 million, adjusted EBITDA of $7.4 million, diluted EPS of $0.04, and ending cash balance of $24.0 million with no long-term debt.
Tile Shop Holdings, Inc. (Nasdaq: TTSH) will release its first-quarter financial results on May 9, 2024, at 7:00 a.m. ET, followed by a conference call hosted by the CEO, CFO, and Investor Relations. Investors can participate via webcast and access dial-in information. A webcast replay will be available on the Company's Investor Relations page. The Company will use its website for disclosing material non-public information and complying with disclosure obligations.
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