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Tile Shop (TTSH)
NASDAQ:TTSH
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: 0.43%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted improvements in gross margin and effective cost management, which are positive indicators against the backdrop of declining comparable store sales and ongoing industry challenges. The company is making strategic adjustments to navigate the current environment.Company Guidance
During the Q3 2024 earnings call for Tile Shop Holdings, Inc. (TTSH), management provided insights into their financial performance and strategic initiatives amid challenging market conditions. Comparable store sales decreased by 7.9% from the previous year, reflecting the ongoing macroeconomic headwinds and reduced housing turnover, which is at its lowest since 2010. Despite these challenges, the company reported a gross margin improvement to 66.5%, marking a 50 basis point sequential improvement and a 180 basis point year-over-year increase, attributed to sourcing products at lower costs and improved delivery collection rates. The company also reduced SG&A expenses by $700,000 compared to the same quarter in 2023, primarily due to decreases in variable compensation, depreciation, and advertising costs, although offset by increased occupancy, IT, and transportation expenses. Strategic cost-saving measures included closing a distribution center in Dayton, NJ, and reducing corporate staffing, with anticipated annual savings ranging from $2.8 million to $4.1 million. Tile Shop ended the quarter with $25.1 million in cash, no bank debt, and generated $28.5 million in operating cash flow year-to-date, positioning it strongly for future challenges.Gross Margin Improvement
Gross margin rate increased to 66.5% in the third quarter, a 50 basis point improvement from Q2 and a 180 basis point improvement from Q3 2023.
SG&A Expense Reduction
SG&A expenses decreased by $700,000 compared to Q3 2023, with a year-to-date decrease of $1.2 million.
Cash Position and Debt Status
Ended the quarter with $25.1 million in cash and no bank debt, generating $28.5 million in operating cash flow year-to-date.
Launch of Superior and Arbour Collections
Relaunched the Superior brand and introduced the Arbour collection, aiming to enhance product offerings and expand margins.
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TTSH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TTSH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $7.00 | $6.97 | -0.43% |
| Aug 08, 2024 | $6.00 | $6.10 | +1.67% |
| May 09, 2024 | $6.86 | $6.72 | -2.04% |
| Feb 29, 2024 | $6.95 | $6.95 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tile Shop (TTSH) report earnings?
Tile Shop (TTSH) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Tile Shop (TTSH) earnings time?
Tile Shop (TTSH) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTSH EPS forecast?
Currently, no data Available
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