Tile Shop Hldgs ( (TTSH) ) has released its Q1 earnings. Here is a breakdown of the information Tile Shop Hldgs presented to its investors.
Tile Shop Holdings, Inc. is a specialty retailer in the United States, offering a wide range of natural stone, man-made, and luxury vinyl tiles, along with related accessories and services, through its extensive showroom network.
In its first quarter of 2025, Tile Shop Holdings reported a decrease in net sales and comparable store sales, reflecting a challenging retail environment. Despite these declines, the company maintained a solid gross margin and ended the quarter with no debt and a healthy cash position.
Key financial highlights include a 4.1% decrease in net sales to $88 million and a 4.0% drop in comparable store sales. The company achieved a gross margin of 66.0%, slightly up from the previous year. Net income was $0.2 million, and adjusted EBITDA stood at $4.6 million. The company also reported a significant cash reserve of $27.1 million at the end of the quarter.
Looking ahead, Tile Shop Holdings is focused on managing cost pressures from increased tariffs and is exploring sourcing adjustments and pricing strategies to mitigate these impacts. The company remains committed to enhancing its customer experience and leveraging its diversified supplier base to navigate the current economic landscape.