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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.
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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