Tile Shop Holdings

Tile Shop Holdings, Inc. operates as a holding company. It engages in retailing of natural stone and man-made tiles. The company was founded by Robert A. Rucker on June 27, 2012 and is headquartered in Plymouth, MN.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Tile Shop Holdings achieves record revenue in 2022 amidst challenges

Tile Shop Holdings navigated challenges in Q4 to achieve record annual revenue in 2022. The company is focused on operational excellence, debt reduction, and product innovation to drive future growth.
Despite facing macro headwinds and supply chain challenges, Tile Shop Holdings remains optimistic about growth opportunities. The company's financial performance in Q4 reflects resilience and strategic decision-making.
Investors should monitor the company's progress in opening new stores, reducing debt, and sustaining sales improvements. Tile Shop Holdings' ability to adapt to market conditions and drive operational efficiencies will be key to long-term success.

Tile Shop Holdings reports flat Q1 sales amidst macro challenges

Tile Shop Holdings navigated challenging macro conditions in Q1 2023, reporting flat comparable store sales but making progress in retail excellence goals.
Despite a decrease in gross margin rate, the company generated positive net income and adjusted EBITDA, showcasing operational efficiency.
With a focus on reducing debt and optimizing product mix, Tile Shop Holdings aims to enhance financial stability and shareholder value amidst ongoing headwinds.

Tile Shop Holdings (TTSH) adapts to challenges, focuses on growth

Tile Shop Holdings (TTSH) navigated challenges from macro headwinds with a focus on improving customer reach and product offerings.
Despite a decrease in comparable store sales, the company demonstrated financial resilience by maintaining a strong balance sheet and reducing debt.
Growth in e-commerce and pro sales, along with store expansion plans, indicate a strategic approach to drive future growth.
Addressing operational challenges and leveraging opportunities in product assortment and market expansion are key focus areas for sustained success.

Tile Shop Holdings adapts to macro challenges, sees progress in cost management and e-commerce growth

Tile Shop Holdings navigated challenges in the macro environment by making strategic changes to drive progress in various areas. Despite facing sales declines at comparable stores, the company saw improvements in average ticket value and cost management. Opportunities exist in further enhancing product offerings, expanding services, and leveraging e-commerce for continued growth.

Tile Shop Holdings pays off debt, focuses on customer growth

Tile Shop Holdings showcased financial strength by paying off all debt in 2023 and generating positive operating cash flow, setting a solid foundation for future growth.
Despite challenges in Q4, the company's focus on customer-centric initiatives and margin expansion strategies position it well to navigate industry headwinds.
Efforts to lower inventory costs, enhance the e-commerce platform, and optimize store growth strategies demonstrate a proactive approach to driving profitability.
Balancing cost management with strategic investments in customer engagement and product innovation will be key for Tile Shop Holdings to capitalize on growth opportunities.

Tile Shop Holdings reports Q1 challenges, eyes e-commerce growth

Tile Shop Holdings (TTSH) navigated challenges in existing home sales but showcased resilience through strong e-commerce growth and strategic product offerings. Financially stable with no debt and a healthy inventory position, TTSH is focused on managing expenses and seizing opportunities in e-commerce and product expansion. Addressing challenges in sales and gross margin rates remains a priority for sustained growth.

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MINNEAPOLIS, April 29, 2022 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that the Company will release financial results for the first quarter ended March 31, 2022 at 7:00 a.m. Eastern Time on Friday, May 6, 2022.

The Tile Shop to Host First Quarter 2022 Earnings Conference Call

Tile Shop Holdings, Inc. (TTSH) CEO Cabby Lolmaugh on Q4 2021 Results - Earnings Call Transcript

MINNEAPOLIS, March 03, 2022 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories, today announced results for its fourth quarter and full-year ended December 31, 2021.

The Tile Shop Reports Fourth Quarter and Full-Year 2021 Results

MINNEAPOLIS, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that the Company will release financial results for the fourth quarter ended December 31, 2021 at 7:00 a.m. Eastern Time on Thursday, March 3, 2022.

The Tile Shop to Host Fourth Quarter 2021 Earnings Conference Call

MINNEAPOLIS, Dec. 23, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that Karla Lunan will be joining the Tile Shop as its new Chief Financial Officer on January 3, 2022. To help ensure a smooth transition, Ms. Lunan will work closely with the Company's current CFO Nancy DiMattia, who will remain with the company in an advisory capacity through March 31, 2022.

The Tile Shop Welcomes New Chief Financial Officer

MINNEAPOLIS, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that the Company's CEO Cabell Lolmaugh and Vice President of Investor Relations and Chief Accounting Officer Mark Davis will be attending the Inflection Partners Virtual Conference this week.

The Tile Shop to Attend Inflection Partners Virtual Conference

Tile Shop Holdings, Inc. (TTSH) CEO Cabby Lolmaugh on Q3 2021 Results - Earnings Call Transcript

MINNEAPOLIS, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that the Board of Directors of the Company (the “Board”) has declared a special dividend of $0.65 per share payable on December 3, 2021 to the Company's shareholders of record at the close of business on November 19, 2021. After review and consideration of capital allocation alternatives with its financial advisor, the Independent Transaction Committee of the Board has unanimously recommended that the Board approve a special dividend of $0.65 per share, and the members of the Board have unanimously approved this recommendation.

The Tile Shop Declares Special Dividend of $0.65 Per Share

MINNEAPOLIS, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories, today announced results for its third quarter ended September 30, 2021.

The Tile Shop Reports Third Quarter 2021 Results

MINNEAPOLIS, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that the Company will release financial results for the third quarter ended September 30, 2021 at 7:00 a.m. Eastern Time on Thursday, November 4, 2021.   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, November 4, 2021. The call will be hosted by Cabell Lolmaugh, CEO, Nancy DiMattia, CFO, and Mark Davis, Vice President of Investor Relations and Chief Accounting Officer.   Participants may access the call/webcast by:

The Tile Shop to Host Third Quarter 2021 Earnings Conference Call

MINNEAPOLIS, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that the Company's CEO Cabell Lolmaugh and Vice President of Investor Relations and Chief Accounting Officer Mark Davis will be attending B. Riley Securities Summer Summit this week.

The Tile Shop to Attend B. Riley Securities Summer Summit

Tile Shop Holdings has already completed its up-listing to the Nasdaq in mid-June 2021; there is still significant potential for the stock to attract sell-side coverage and institutional investor interest.

Tile Shop: Spotlight On Up-Listing And Recovery

Tile Shop Holdings, Inc. (TTSH) CEO Cabell Lolmaugh on Q2 2021 Results - Earnings Call Transcript

Tile Shop Holdings Inc (NASDAQ: TTSH) reported second-quarter FY21 sales growth of 42% year-on-year, to $96.2 million. Comparable Store Sales increased 41.6%.

Tile Shop Holdings Posts 42% Growth In Q2 Revenue, Notes Margin Expansion

MINNEAPOLIS, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories, today announced results for its second quarter ended June 30, 2021.

The Tile Shop Reports Second Quarter 2021 Results

MINNEAPOLIS, July 29, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that the Company will release financial results for the second quarter ended June 30, 2021 at 7:00 a.m. Eastern Time on Thursday, August 5, 2021.

The Tile Shop to Host Second Quarter 2021 Earnings Conference Call

Tile Shop Holdings Inc (NASDAQ: TTSH) reported preliminary second-quarter FY21 sales of $95 million, a 40% Y/Y increase from $67.73 million. Tile Shop called it a new quarterly record.

Tile Shop Preliminary Q2 Sales Hits Record $95M

MINNEAPOLIS, June 30, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that it expects to report net sales of approximately $95 million for the three months ended June 30, 2021, which represents a new quarterly sales record.

The Tile Shop Reports Preliminary Second Quarter Revenues

MINNEAPOLIS, June 14, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (OTC Pink: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that The Nasdaq Stock Market LLC (“Nasdaq”) has approved its application for the listing of the Company's common stock on The Nasdaq Stock Market. The Company's common stock is expected to be relisted and commence trading on The Nasdaq Stock Market at the opening of the market on or about Thursday, June 17, 2021, under the current ticker symbol “TTSH”.

Tile Shop Announces Approval to Relist on Nasdaq

Tile Shop Holdings, Inc. (TTSH) CEO Cabell Lolmaugh on Q1 2021 Results - Earnings Call Transcript

MINNEAPOLIS, May 07, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (OTC Pink: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories, today announced results for its first quarter ended March 31, 2021.

The Tile Shop Reports First Quarter 2021 Results

Tile Shop had a strong 2020, improving EBITDA over 2019 despite COVID impacts. The housing sector and the NAHB Remodeling Market Index show increased strength even after a strong finish in 2020.

Tile Shop Holdings: Near-Term Catalysts To Drive Shares Back To The Double Digits

MINNEAPOLIS, April 29, 2021 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (OTC Pink: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials and related accessories, today announced that the Company will release financial results for the first quarter ended March 31, 2021 at 7:00 a.m. Eastern Time on Friday, May 7, 2021. The Company will host a conference call via webcast for investors and other interested parties beginning at 9:00 a.m. Eastern Time on Friday, May 7, 2021. The call will be hosted by Cabell Lolmaugh, CEO, Nancy DiMattia, CFO, and Mark Davis, Vice President of Investor Relations and Chief Accounting Officer. Participants may access the call/webcast by:

The Tile Shop to Host First Quarter 2021 Earnings Conference Call

The company is executing and generating substantial FCF. Massive industry tailwinds will drive further earnings growth and a rerate to a reasonable multiple. Fair Value is over $14/share today. LL trades at 10x forward EV/EBITDA and should be categorized as more of a commodity retailer versus The Tile Shop as a luxury retailer, TTSH has over 2x the margins.

Tile Shop: 115% Upside To Fair Value

Tile Shop Holdings, Inc. (TTSH) CEO Cabell Lolmaugh on Q4 2020 Results - Earnings Call Transcript

News for Tile Shop Holdings Stock (TTSH)