Tile Shop Hldgs - TTSH STOCK NEWS

Tile Shop Holdings (TTSH) reported a robust second quarter for 2021, with net sales soaring by 42.0% to $96.2 million, compared to $67.7 million in Q2 2020. Comparable store sales also increased by 41.6%.

The company achieved a gross margin of 69.1% and net income of $5.5 million, resulting in diluted earnings per share of $0.11. Adjusted EBITDA rose to $15.4 million, reflecting strong demand for home improvement products. However, SG&A expenses increased by 24.6% to $58.8 million.

Tile Shop Holdings, Inc. (Nasdaq: TTSH) will release its second-quarter financial results for the period ending June 30, 2021, on August 5, 2021, at 7:00 a.m. ET. A conference call will follow at 9:00 a.m. ET, hosted by CEO Cabell Lolmaugh, CFO Nancy DiMattia, and VP Mark Davis. Investors can access the call via the Company's website or by phone. The Tile Shop is a prominent retailer of natural stone and tiles, operating 143 stores across 31 states and D.C.

Tile Shop Holdings (TTSH) has announced preliminary net sales of approximately $95 million for the quarter ending June 30, 2021, marking a new quarterly sales record. However, these figures are subject to adjustment following audits and could materially differ from estimates. Factors influencing these changes include COVID-19 impacts and potential risks outlined in the company's SEC filings. The Tile Shop operates 143 stores across 31 states and D.C., offering a variety of natural stone and man-made tiles.

Tile Shop Holdings, Inc. (OTC Pink: TTSH) announced Nasdaq's approval for relisting its common stock, effective June 17, 2021, under the ticker symbol TTSH. The company specializes in natural and man-made tiles, along with related accessories, and operates 143 stores across 31 states. This relisting is a significant step for Tile Shop, enhancing visibility and potential investor interest. The company will disclose material non-public information via its website. Investors should be aware of associated risks, including potential COVID-19 impacts on retail performance.

Tile Shop Holdings (TTSH) reported a 2.3% decline in net sales for Q1 2021, totaling $92.1 million, alongside a similar drop in comparable store sales. Despite this, the company achieved a net income of $5.3 million and an Adjusted EBITDA of $14.7 million, reflecting improved expense management with SG&A expenses down by $5.1 million. The gross margin rate increased to 69.7%.

Challenges included reduced store hours and product outages due to ongoing supply chain issues.

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.