TILE SHOP HOLDINGS (TTSH) Company Report

The Board of Directors of Tile Shop Holdings, Inc. (TTSH) has approved a plan to delist its common stock from Nasdaq, suspend its duty to file periodic reports with the SEC, and terminate the registration of its common stock.
This plan is expected to be effectuated in December 2025, contingent on stockholder approval of a proposed reverse stock split.
The company anticipates annual savings of approximately $2.4 million by ceasing to be a public reporting company.
The proposed reverse stock split, with a ratio between 1-for-2,000 and 1-for-4,000, will result in holders of shares less than the final determined ratio being cashed out at $6.60 per share. This price represents a premium above the common stock’s closing price on October 2, 2025, and is supported by a fairness opinion.

Oct 6, 2025, 8:05 PM

Tile Shop Holdings Announces Second Quarter 2025 Results

TTSH

Earnings

Demand Weakening

Tile Shop Holdings, Inc. reported a 3.4% decrease in net sales to $88.26 million and a 3.5% decrease in comparable store sales for the second quarter ended June 30, 2025.
The company's net income for Q2 2025 was $0.4 million, and Adjusted EBITDA was $4.9 million.
The gross margin rate decreased to 64.4% in Q2 2025 from 66.0% in Q2 2024, primarily due to higher levels of discounting and increased product costs.
As of June 30, 2025, Tile Shop Holdings, Inc. had no debt outstanding and $27.8 million in cash.

Aug 7, 2025, 11:00 AM

Tile Shop Holdings Q1 2025 Earnings Results

TTSH

Earnings

Revenue Acceleration/Inflection

Q1 2025 saw comparable store sales decline by 4% due to lower store traffic, though increased tile volume sales from a broader product assortment helped offset the impact .
Gross margin improved to 66.0% (a 20 bp increase) thanks to lower inventory write-offs, despite higher customer delivery mix costs .
Net sales decreased by 4.1%, reflecting softer traffic amid evolving trade conditions .
The company posted adjusted EBITDA of $4.6 million and net income of $0.2 million for the period .
SG&A expenses were $57.9 million, with cost savings from a distribution center closure and reduced benefits partially offset by increased spending in marketing, IT, and training, along with anticipated sublease income .
Q1 2025 generated $10 million in operating cash flow, boosting cash to $27.1 million at quarter-end .

May 8, 2025, 12:00 AM

Tile Shop Holdings Reports Q4 & Full-Year 2024 Results and Earnings Call Summary

TTSH

Earnings

Demand Weakening

Q4 2024 Performance: Net sales declined by 5.9% and comparable store sales dropped by 5.8%, resulting in a net loss of $0.6 million and adjusted EBITDA of $3.4 million .
Full-Year 2024 Results: Net sales decreased by 8.0%, with net income of $2.3 million and adjusted EBITDA reaching $22.6 million .
Margins & Store Sales Trends: Q4 gross margin fell by 50 basis points to 64.2% while annual gross margins improved to 65.7%, alongside a 7.8% decline in comparable store sales for the year .
Market Challenges: Softer store traffic and broader housing market challenges weighed on performance in both Q4 and full-year results .
Strategic Initiatives: The company is relaunching its Superior product line and expanding entry-level offerings to drive average order value despite ongoing tile volume declines .
Financial Strength: Ended 2024 with $21 million in cash and zero bank debt, supported by robust operating cash flow of $27.1 million .