The Tile Shop Reports Second Quarter 2024 Results
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.
Tile Shop Holdings (TTSH) ha riportato i risultati del secondo trimestre 2024, con vendite nette in diminuzione del 7,3% a 91,4 milioni di dollari e vendite comparabili dei negozi in calo del 6,9%. L'azienda ha raggiunto un margine lordo del 66%, in aumento rispetto al 64,2% del Q2 2023. Il reddito netto è stato di 1,2 milioni di dollari, ovvero 0,03 dollari per azione diluita, in discesa rispetto ai 5,1 milioni di dollari del Q2 2023. L'EBITDA rettificato è diminuito a 6,7 milioni di dollari da 13,6 milioni anno su anno.
Il CEO Cabell Lolmaugh ha notato una certa debolezza nelle vendite di case esistenti e un traffico ridotto nei negozi, ma ha sottolineato risultati promettenti derivanti dai recenti miglioramenti delle linee di prodotto. L'azienda ha chiuso il trimestre con 142 negozi e 25,3 milioni di dollari in contante, senza indebitamenti sulla sua linea di credito da 75 milioni di dollari.
Tile Shop Holdings (TTSH) informó los resultados del segundo trimestre de 2024, con ventas netas disminuyendo un 7.3% a 91.4 millones de dólares y ventas en tiendas comparables cayendo un 6.9%. La compañía logró un margen bruto del 66%, en aumento desde el 64.2% en el segundo trimestre de 2023. El ingreso neto fue de 1.2 millones de dólares, o 0.03 dólares por acción diluida, en comparación con 5.1 millones en el segundo trimestre de 2023. El EBITDA ajustado disminuyó a 6.7 millones de dólares desde 13.6 millones año tras año.
El CEO Cabell Lolmaugh destacó la debilidad en las ventas de viviendas existentes y el menor tráfico en las tiendas, pero subrayó resultados prometedores de las recientes mejoras en la línea de productos. La compañía terminó el trimestre con 142 tiendas y 25.3 millones de dólares en efectivo sin préstamos en su línea de crédito de 75 millones de dólares.
타일샵 홀딩스(TTSH)는 2024년 2분기 실적을 보고했으며, 순매출이 7.3% 감소하여 9,140만 달러에 이르고 동일 매장 매출이 6.9% 하락했습니다. 회사는 매출 총 이익률이 66%에 달해 2023년 2분기의 64.2%에서 증가했습니다. 순이익은 120만 달러로, 희석 주당 0.03 달러였으며, 2023년 2분기의 510만 달러에서 감소했습니다. 조정 EBITDA는 670만 달러로 전년 대비 1,360만 달러에서 줄어들었습니다.
CEO인 캐벨 롤마우는 기존 주택 판매 부진과 낮은 매장 방문자 수를 언급했으나, 최근 제품 라인 개선으로 인해 긍정적인 결과를 강조했습니다. 회사는 142개 매장과 2,530만 달러의 현금을 보유하며, 7,500만 달러의 신용 한도에서 차입이 없습니다.
Tile Shop Holdings (TTSH) a annoncé ses résultats pour le deuxième trimestre 2024, avec des ventes nettes en baisse de 7,3% à 91,4 millions de dollars et des ventes comparables des magasins en déclin de 6,9%. L'entreprise a atteint une marge brute de 66%, en hausse par rapport à 64,2% au Q2 2023. Le bénéfice net a été de 1,2 million de dollars, soit 0,03 dollar par action diluée, en baisse par rapport à 5,1 millions de dollars au Q2 2023. L'EBITDA ajusté a diminué à 6,7 millions de dollars contre 13,6 millions d'une année sur l'autre.
Le PDG Cabell Lolmaugh a noté une faiblesse dans les ventes de logements existants et une diminution du trafic en magasin, mais a souligné des résultats prometteurs suite aux récentes améliorations de la ligne de produits. L'entreprise a terminé le trimestre avec 142 magasins et 25,3 millions de dollars en liquidités, sans emprunts sur sa ligne de crédit de 75 millions de dollars.
Tile Shop Holdings (TTSH) berichtete über die Ergebnisse des zweiten Quartals 2024, mit einem Rückgang des Nettoumsatzes um 7,3% auf 91,4 Millionen Dollar und einem Rückgang der vergleichbaren Verkaufszahlen um 6,9%. Das Unternehmen erzielte eine Bruttomarge von 66%, ein Anstieg von 64,2% im Q2 2023. Der Nettogewinn betrug 1,2 Millionen Dollar, oder 0,03 Dollar pro verwässerter Aktie, im Vergleich zu 5,1 Millionen Dollar im Q2 2023. Das angepasste EBITDA ging auf 6,7 Millionen Dollar von 13,6 Millionen Dollar im Vorjahr zurück.
CEO Cabell Lolmaugh bemerkte die Schwäche im Verkauf von bestehenden Wohnungen und den geringeren Kundenverkehr in den Geschäften, hob jedoch vielversprechende Ergebnisse aus den kürzlichen Verbesserungen der Produktlinie hervor. Das Unternehmen beendete das Quartal mit 142 Geschäften und 25,3 Millionen Dollar in bar, ohne Verbindlichkeiten aus seiner Kreditlinie von 75 Millionen Dollar.
- Gross margin improved to 66% from 64.2% year-over-year
- Company maintains strong liquidity with $25.3 million cash and no debt
- Recent product line enhancements showing promising early results
- Net sales decreased 7.3% to $91.4 million
- Comparable store sales declined 6.9%
- Net income fell to $1.2 million from $5.1 million year-over-year
- Adjusted EBITDA decreased to $6.7 million from $13.6 million year-over-year
- Selling, general and administrative expenses increased by $2.9 million or 5.2%
Insights
The Tile Shop's Q2 2024 results reveal some concerning trends. Net sales decreased by
Net income fell significantly to
While the company maintains a strong liquidity position with no borrowings and
The Tile Shop's Q2 results reflect broader market headwinds in the home improvement sector. The
However, the company's efforts to expand its Superior line of installation products and focus on smaller projects demonstrate adaptability to changing consumer behaviors. This strategy could help mitigate some of the impacts of the housing market slowdown. The improved gross margin, despite lower sales, indicates effective cost management and pricing strategies.
The increase in digital advertising expenditures by
MINNEAPOLIS, Aug. 08, 2024 (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, 2024.
Second Quarter 2024 Summary
Net Sales Decreased
Comparable Store Sales Decreased
Gross Margin of
Net Income of
Diluted Earnings per Share of
Management Commentary – Cabell Lolmaugh, CEO
“I’m pleased with the team’s execution during the quarter, which contributed to a sequential improvement in our comparable store sales results. We continue to see softness in existing home sales and resulting lower traffic in our stores, which contributed to a decrease in comparable store sales from the second quarter of 2023. Recent actions to enhance our Superior line of installation products and expand the selection of tile products that cater to customers seeking to complete smaller projects are showing promising early results.”
| Three Months Ended | Six Months Ended | |||||||||||||||||||
| (unaudited, dollars in thousands, except per | June 30, | June 30, | ||||||||||||||||||
| share data) | 2024 | 2023 | 2024 | 2023 | ||||||||||||||||
| Net sales | $ | 91,384 | $ | 98,557 | $ | 183,112 | $ | 200,576 | ||||||||||||
| Net sales decline(1) | (7.3 | ) | % | (8.4 | ) | % | (8.7 | ) | % | (4.5 | ) | % | ||||||||
| Comparable store sales decline (2) | (6.9 | ) | % | (8.0 | ) | % | (8.6 | ) | % | (4.0 | ) | % | ||||||||
| Gross margin rate | 66.0 | % | 64.2 | % | 65.9 | % | 64.2 | % | ||||||||||||
| Income from operations as a % of net sales | 2.0 | % | 7.8 | % | 2.3 | % | 5.9 | % | ||||||||||||
| Net income | $ | 1,219 | $ | 5,079 | $ | 2,908 | $ | 7,591 | ||||||||||||
| Net income per diluted share | $ | 0.03 | $ | 0.12 | $ | 0.07 | $ | 0.17 | ||||||||||||
| Adjusted EBITDA | $ | 6,733 | $ | 13,584 | $ | 14,150 | $ | 23,897 | ||||||||||||
| Adjusted EBITDA as a % of net sales | 7.4 | % | 13.8 | % | 7.7 | % | 11.9 | % | ||||||||||||
| Number of stores open at the end of period | 142 | 143 | 142 | 143 | ||||||||||||||||
(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 2024
Net Sales
Net sales for the second quarter of 2024 decreased
Gross Profit
Gross profit decreased
Selling, General and Administrative Expenses
Selling, general and administrative expenses increased
Provision for Income Taxes
The provision for income taxes for the second quarter of 2024 and 2023 was
Capital Structure and Liquidity
As of June 30, 2024, the Company had no borrowings outstanding on its
NON-GAAP INFORMATION
Adjusted EBITDA
Adjusted EBITDA for the second quarter of 2024 was
| Three Months Ended | |||||||||||||||
| ($ in thousands, unaudited) | June 30, | ||||||||||||||
| 2024 | % of net sales (1) | 2023 | % of net sales | ||||||||||||
| GAAP net income | $ | 1,219 | 1.3 | % | $ | 5,079 | 5.2 | % | |||||||
| Interest expense | 57 | 0.1 | 668 | 0.7 | |||||||||||
| Provision for income taxes | 575 | 0.6 | 1,987 | 2.0 | |||||||||||
| Depreciation and amortization | 4,602 | 5.0 | 5,549 | 5.6 | |||||||||||
| Stock-based compensation | 280 | 0.3 | 301 | 0.3 | |||||||||||
| Adjusted EBITDA | $ | 6,733 | 7.4 | % | $ | 13,584 | 13.8 | % | |||||||
| Six Months Ended | |||||||||||||||
| ($ in thousands, unaudited) | June 30, | ||||||||||||||
| 2024 | % of net sales | 2023 | % of net sales | ||||||||||||
| GAAP net income | $ | 2,908 | 1.6 | % | $ | 7,591 | 3.8 | % | |||||||
| Interest expense | 223 | 0.1 | 1,466 | 0.7 | |||||||||||
| Provision for income taxes | 1,003 | 0.5 | 2,802 | 1.4 | |||||||||||
| Depreciation and amortization | 9,344 | 5.1 | 11,332 | 5.6 | |||||||||||
| Stock-based compensation | 672 | 0.4 | 706 | 0.4 | |||||||||||
| Adjusted EBITDA | $ | 14,150 | 7.7 | % | $ | 23,897 | 11.9 | % | |||||||
(1) Amounts do not foot due to rounding.
Pretax Return on Capital Employed
Pretax Return on Capital Employed was
| ($ in thousands, unaudited) | June 30, | ||||||
| 2024(1) | 2023(1) | ||||||
| Income from Operations (trailing twelve months) | $ | 8,433 | $ | 19,954 | |||
| Total Assets | 321,899 | 341,737 | |||||
| Less: Accounts payable | (23,944 | ) | (26,566 | ) | |||
| Less: Income tax payable | (652 | ) | (801 | ) | |||
| Less: Other accrued liabilities | (31,288 | ) | (35,798 | ) | |||
| Less: Lease liability | (138,118 | ) | (129,254 | ) | |||
| Less: Other long-term liabilities | (4,763 | ) | (4,530 | ) | |||
| Capital Employed | $ | 123,134 | $ | 144,788 | |||
| Pretax Return on Capital Employed | 6.8 | % | 13.8 | % | |||
(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 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 August 1, 2024, 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 8, 2024. 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 by dialing (888) 596-4144, or (646) 968-2525 for international participants, and referencing conference identification number 7601375. 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 leading specialty retailer of natural stone, man-made and luxury vinyl tiles, setting and maintenance materials, and related accessories in the United States. The Tile Shop offers a wide selection of high-quality products, exclusive designs, knowledgeable staff and exceptional customer service in an extensive showroom environment. The Tile Shop currently operates 142 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 X, previously known as Twitter.
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)
| (Unaudited) | (Audited) | |||||||
| June 30, | December 31, | |||||||
| 2024 | 2023 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 25,341 | $ | 8,620 | ||||
| Receivables, net | 3,654 | 2,882 | ||||||
| Inventories | 86,071 | 93,679 | ||||||
| Income tax receivable | 1,415 | 129 | ||||||
| Other current assets, net | 8,501 | 9,248 | ||||||
| Total Current Assets | 124,982 | 114,558 | ||||||
| Property, plant and equipment, net | 59,959 | 64,317 | ||||||
| Right of use asset | 130,915 | 129,092 | ||||||
| Deferred tax assets | 4,263 | 5,256 | ||||||
| Other assets | 2,177 | 3,449 | ||||||
| Total Assets | $ | 322,296 | $ | 316,672 | ||||
| Liabilities and Stockholders' Equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 21,922 | $ | 23,345 | ||||
| Income tax payable | 84 | 1,135 | ||||||
| Current portion of lease liability | 28,686 | 27,265 | ||||||
| Other accrued liabilities | 31,335 | 27,000 | ||||||
| Total Current Liabilities | 82,027 | 78,745 | ||||||
| Long-term debt, net | - | - | ||||||
| Long-term lease liability, net | 112,828 | 112,697 | ||||||
| Other long-term liabilities | 4,649 | 5,543 | ||||||
| Total Liabilities | 199,504 | 196,985 | ||||||
| Stockholders’ Equity: | ||||||||
| Common stock, par value | 4 | 4 | ||||||
| Preferred stock, par value | - | - | ||||||
| Additional paid-in capital | 129,070 | 128,861 | ||||||
| Accumulated deficit | (6,201 | ) | (9,109 | ) | ||||
| Accumulated other comprehensive loss | (81 | ) | (69 | ) | ||||
| Total Stockholders' Equity | 122,792 | 119,687 | ||||||
| Total Liabilities and Stockholders' Equity | $ | 322,296 | $ | 316,672 | ||||
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, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Net sales | $ | 91,384 | $ | 98,557 | $ | 183,112 | $ | 200,576 | ||||||||
| Cost of sales | 31,053 | 35,255 | 62,462 | 71,736 | ||||||||||||
| Gross profit | 60,331 | 63,302 | 120,650 | 128,840 | ||||||||||||
| Selling, general and administrative expenses | 58,480 | 55,568 | 116,516 | 116,981 | ||||||||||||
| Income from operations | 1,851 | 7,734 | 4,134 | 11,859 | ||||||||||||
| Interest expense | (57 | ) | (668 | ) | (223 | ) | (1,466 | ) | ||||||||
| Income before income taxes | 1,794 | 7,066 | 3,911 | 10,393 | ||||||||||||
| Provision for income taxes | (575 | ) | (1,987 | ) | (1,003 | ) | (2,802 | ) | ||||||||
| Net income | $ | 1,219 | $ | 5,079 | $ | 2,908 | $ | 7,591 | ||||||||
| Income per common share: | ||||||||||||||||
| Basic | $ | 0.03 | $ | 0.12 | $ | 0.07 | $ | 0.18 | ||||||||
| Diluted | $ | 0.03 | $ | 0.12 | $ | 0.07 | $ | 0.17 | ||||||||
| Weighted average shares outstanding: | ||||||||||||||||
| Basic | 43,688,605 | 43,363,374 | 43,629,675 | 43,300,962 | ||||||||||||
| Diluted | 43,759,597 | 43,508,221 | 43,711,030 | 43,465,235 | ||||||||||||
Tile Shop Holdings, Inc. and Subsidiaries
Rate Analysis
(Unaudited)
| Three Months Ended | Six Months Ended | |||||||||||
| June 30, | June 30, | |||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||
| Gross margin rate | 66.0 | % | 64.2 | % | 65.9 | % | 64.2 | % | ||||
| SG&A expense rate | 64.0 | % | 56.4 | % | 63.6 | % | 58.3 | % | ||||
| Income from operations margin rate | 2.0 | % | 7.8 | % | 2.3 | % | 5.9 | % | ||||
| Adjusted EBITDA margin rate | 7.4 | % | 13.8 | % | 7.7 | % | 11.9 | % | ||||
Tile Shop Holdings, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
($ in thousands)
(Unaudited)
| Six Months Ended | ||||||||
| June 30, | ||||||||
| 2024 | 2023 | |||||||
| Cash Flows From Operating Activities | ||||||||
| Net income | $ | 2,908 | $ | 7,591 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 9,344 | 11,332 | ||||||
| Amortization of debt issuance costs | 36 | 129 | ||||||
| Loss on disposals of property, plant and equipment | 32 | 7 | ||||||
| Impairment charges | 949 | 618 | ||||||
| Non-cash lease expense | 13,404 | 13,016 | ||||||
| Stock based compensation | 672 | 706 | ||||||
| Deferred income taxes | 993 | 2,006 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Receivables, net | (772 | ) | (460 | ) | ||||
| Inventories | 7,608 | 14,090 | ||||||
| Other current assets, net | 1,984 | 1,142 | ||||||
| Accounts payable | (1,119 | ) | 984 | |||||
| Income tax receivable / payable | (2,336 | ) | 3,066 | |||||
| Accrued expenses and other liabilities | (10,251 | ) | (12,789 | ) | ||||
| Net cash provided by operating activities | 23,452 | 41,438 | ||||||
| Cash Flows From Investing Activities | ||||||||
| Purchases of property, plant and equipment | (6,257 | ) | (8,076 | ) | ||||
| Net cash used in investing activities | (6,257 | ) | (8,076 | ) | ||||
| Cash Flows From Financing Activities | ||||||||
| Payments of long-term debt | (10,000 | ) | (40,400 | ) | ||||
| Advances on line of credit | 10,000 | 15,000 | ||||||
| Employee taxes paid for shares withheld | (463 | ) | (446 | ) | ||||
| Net cash used in financing activities | (463 | ) | (25,846 | ) | ||||
| Effect of exchange rate changes on cash | (11 | ) | (28 | ) | ||||
| Net change in cash, cash equivalents and restricted cash | 16,721 | 7,488 | ||||||
| Cash, cash equivalents and restricted cash beginning of period | 8,620 | 7,759 | ||||||
| Cash, cash equivalents and restricted cash end of period | $ | 25,341 | $ | 15,247 | ||||
| Cash and cash equivalents | $ | 25,341 | $ | 14,592 | ||||
| Restricted cash | - | 655 | ||||||
| Cash, cash equivalents and restricted cash end of period | $ | 25,341 | $ | 15,247 | ||||
| Supplemental disclosure of cash flow information | ||||||||
| Purchases of property, plant and equipment included in accounts payable and accrued expenses | $ | 126 | $ | 655 | ||||
| Cash paid for interest | 167 | 1,578 | ||||||
| Cash paid (received) for income taxes, net | 2,346 | (2,271 | ) | |||||
FAQ
What were Tile Shop Holdings' (TTSH) Q2 2024 net sales?
How did Tile Shop's (TTSH) comparable store sales perform in Q2 2024?
What was Tile Shop's (TTSH) gross margin in the second quarter of 2024?
How much net income did Tile Shop (TTSH) report for Q2 2024?
What was Tile Shop's (TTSH) Adjusted EBITDA for Q2 2024?
