Latest news with #TileShop
Yahoo
4 days ago
- Business
- Yahoo
Tile Shop Stock Down Following Q2 Earnings on Lower Sales and Margins
Shares of Tile Shop Holdings, Inc. TTSH have lost 1.1% since the company reported its earnings for the quarter ended June 30, 2025, trailing the S&P 500 Index's 1.6% gain in the same period. Over the past month, the stock declined 3.1%, while the S&P 500 rose 3.2%. TTSH's Earnings Snapshot Tile Shop posted net sales of $88.3 million in the second quarter of 2025, down 3.4% from $91.4 million in the prior-year period, as comparable store sales declined 3.5% due to lower store traffic. Gross profit fell 5.8% year over year to $56.8 million from $60.3 million, with the gross margin contracting 160 basis points to 64.4% from 66%, pressured by higher discounting and increased product costs. Net income dropped sharply to $0.4 million, or $0.01 per diluted share, from $1.2 million, or $0.03 per diluted share, a year ago. Adjusted EBITDA also fell 26.7% to $4.9 million from $6.7 million, representing a margin decline from 7.4% to 5.6%. The store count stood at 141 at quarter-end, down from 142 last year. Tile Shop's Other Key Business Metrics Operating income margin fell to 0.5% from 2% a year earlier, reflecting both the sales decline and the margin compression. Selling, general and administrative (SG&A) expenses were $56.4 million, down 3.6% from the prior year's $58.5 million. This reduction was driven by cost savings from a prior distribution center closure in New Jersey, lower asset impairment charges, reduced marketing spend and decreased depreciation, partially offset by a merchandising supplies write-off. Capital structure remained conservative, with no outstanding debt and a cash balance of $27.8 million at quarter-end, up from $20.9 million at 2024-end. Operating cash flow in the first half of 2025 totaled $13.5 million compared with $23.5 million. The company's pretax return on capital employed over the trailing 12 months plunged to 0.0% from 6.8% last year. Tile Shop Hldgs, Inc. Price, Consensus and EPS Surprise Tile Shop Hldgs, Inc. price-consensus-eps-surprise-chart | Tile Shop Hldgs, Inc. Quote TTSH's Management Commentary CEO Cabell Lolmaugh noted that refinements to Tile Shop's assortment — particularly expanding entry-level and competitively priced products — helped modestly improve unit volumes year over year. However, this gain was offset by increased sales of lower-priced products and heavier discounting. TTSH has broadened its offerings with new product categories such as luxury vinyl tile (including the exclusive Arbour line), laminate and engineered wood flooring, along with large-format tiles and its newly launched Signature line. Management sees these initiatives as positioning the business to capture additional project scope per customer, such as selling flooring for multiple rooms in a single remodeling job. Factors Influencing Tile Shop's Headline Numbers The primary headwinds in the quarter were persistently low housing turnover, which curtailed customer traffic and pricing pressure from discounting. Gross margins faced dual challenges of lower average selling prices and higher product costs. However, Tile Shop benefited from a leaner cost structure due to prior and ongoing expense reductions, including workforce reductions and facility closures. The closure of the Spring Valley, WI, distribution center in the second quarter is expected to generate approximately $1 million in annualized SG&A savings. TTSH's Guidance While no formal numerical guidance was provided, management indicated that near-term priorities include continued expense control, limiting capital expenditures and identifying operational efficiencies. Tile Shop also emphasized its diversified sourcing from over 20 countries, which it views as a strategic advantage in navigating potential tariff volatility. Higher-than-typical inventory levels further provide flexibility to adapt sourcing should trade conditions change. Tile Shop's Other Developments During the second quarter, TTSH closed its Spring Valley, WI, distribution center without incurring material impairment or severance costs. This follows the closure of another distribution center and significant corporate workforce reductions in the past nine months. One retail store was closed at the end of its lease term in the second quarter, with another closure in the third quarter. These actions are part of a broader cost-cutting strategy in response to ongoing demand pressures. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tile Shop Hldgs, Inc. (TTSH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Upturn
31-07-2025
- Business
- Business Upturn
The Tile Shop Debuts Exclusive Designer Tile Collection With Artist Laura Park
The new collaboration brings Park's vibrant, painterly aesthetic to tile for the first time MINNEAPOLIS, July 30, 2025 (GLOBE NEWSWIRE) — The Tile Shop (Nasdaq: TTSH), a specialty retailer of natural stone and man-made tiles, is proud to announce the launch of an exclusive new collaboration with acclaimed artist and designer Laura Park. The Tile Shop x Laura Park, available now, showcases Park's signature bold brushwork, joyful color palettes, and modern abstract style across a fresh, artistic range of tiles crafted to bring warmth and creativity to every corner of the home. 'We are thrilled to partner with the incredibly talented Laura Park,' said Kirsty Froelich, Senior Director of Design and Product Development at The Tile Shop. 'Her stunning artwork comes to life beautifully on tile, bringing a rich, artistic, and coastal vibe that instantly elevates any space. Her captivating collection is expansive, giving our customers the opportunity to design the perfect space—filled with beauty, inspiration, and joyful character.' Available now at all U.S. Tile Shop showrooms and online at , each piece in the collection captures the energy and movement of Park's original artworks in tile formats that translate effortlessly to walls and floors. With a carefully curated palette of uplifting yet versatile tones—ranging from ocean-inspired blues to neutral taupes and whites—these tiles were created to mix and match across rooms and design styles, from bold feature walls to quiet, artful accents. 'I'm so excited to partner with The Tile Shop and see my designs take on new life in tile, because tile has the power to truly define a space,' said Park. 'My tiles are designed to work together and offer flexibility in layout and design. I hope people use them to create spaces that inspire them and bring joy.' Park, a self-taught artist whose work is rooted in a lifelong love of interior design, textiles, and color, approached the collection with the intention of turning tile into art for the home. From bathrooms and kitchens to living areas and entryways, the collection offers options for every surface—and every style of self-expression. 'For me, art is about bringing joy into the everyday,' said Park. 'Every tile in the collection is meant to brighten your space with beauty and cheer.' In addition to The Tile Shop x Laura Park, the retailer's growing portfolio of exclusive collections includes collaborations with celebrated designers Alison Victoria, Jeffrey Alan Marks, Kelli Fontana, Nikki Chu, and Nate Berkus (launching fall 2026), as well as heritage brands Laura Ashley and Morris & Co. ABOUT LAURA PARK Laura Park's signature patterns bring her original artwork to life, with bold brushstrokes and vibrant colors weaving together into playful, abstract prints. A self-taught artist, Laura's creative journey began in her grandmother's art studio and evolved through her travels and experience in the world of interiors. In 2016, she founded Laura Park Designs, transforming her digital patterns into textiles. What started as a collection of signature pillows has since blossomed into a diverse range of products, including bedding, fabric, wallpaper, lifestyle accessories, and tabletop décor—each piece a reflection of Laura's unique blend of artistry and modern design. Explore the full collection at . 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 141 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). For more information, visit . Join The Tile Shop (#thetileshop) on Instagram, TikTok, Facebook, Pinterest and YouTube. Tile Shop Media Contact: [email protected] A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
22-05-2025
- Business
- Yahoo
The Tile Shop to Debut Exclusive Tile Collection With Nate Berkus
The Tile Shop x Nate Berkus will arrive at all U.S. Tile Shop showrooms and starting fall 2026. MINNEAPOLIS, May 22, 2025 (GLOBE NEWSWIRE) -- The Tile Shop (Nasdaq: TTSH) today announced a new collaboration with award-winning designer Nate Berkus. The Tile Shop x Nate Berkus, available exclusively at The Tile Shop, will debut in Tile Shop showrooms and on in early fall 2026. The Tile Shop x Nate Berkus collection will feature floor and wall tiles, in a diverse range of materials and shapes, anchored in a palette of classic shades of charcoal, winter white and terracotta. 'Nate is a prominent force in American design, and we're excited to offer our customers the opportunity to bring his singular blend of contemporary and classic styling into their homes through tile,' said Kirsty Froelich, Senior Director of Design and Product Development, The Tile Shop. 'Nate possesses a remarkable ability to combine materials, colors, shapes and styles to create beautiful pieces that enhance everyday living.' Froelich added that Tile Shop customers can look forward to mixing and matching the collection's floor and wall tiles throughout their homes to achieve a Berkus-inspired 'modern, classic and refined' look at an accessible price point. 'I am so thrilled to be working with The Tile Shop. They are the very best in their category, and it's been so great getting to bring this collection to life with their extensive know-how and capabilities,' said Berkus. 'Choosing a tile for your home is a big commitment and we wanted to create an offering that feels timeless and thoughtful with colorways and patterns that are distinctly anti-trend and will stand the test of time.' In addition to The Tile Shop x Nate Berkus, the retailer's lineup of exclusive collections includes collaborations with famed design partners Laura Park (launching summer 2025), Alison Victoria, Jeffrey Alan Marks, Kelli Fontana and Nikki Chu, as well as heritage brands Laura Ashley and Morris & Co. 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). For more information, visit Join The Tile Shop (#thetileshop) on Instagram, TikTok, Facebook, Pinterest and YouTube. ABOUT NATE BERKUS Nate Berkus is one of the world's most influential interior designers, known for his elevated yet accessible approach to interiors. His thirty-year-and-counting career has included innumerable television shows and home collections, along with designing award-winning interiors. Consistently named to the prestigious AD100 and Elle Décor A-List, Nate has been featured in AD, ELLE Décor, Vogue, The New York Times, Fast Company and The WSJ, among others. His latest book, Foundations, will be released by Simon & Schuster in November 2025. Visit or @NateBerkus on Instagram for more. Tile Shop Media Contact:
Yahoo
13-05-2025
- Business
- Yahoo
TTSH Stock Gains Despite Q1 Earnings Decline, Gross Margin Improves
Shares of Tile Shop Holdings, Inc. TTSH have gained 14.8% since the company reported its earnings for the quarter ended March 31, 2025, outperforming the S&P 500 Index's modest 0.5% rise during the same period. Over the past month, TTSH stock has risen 11.1%, while the broader index has gained 4.3%. For the first quarter of 2025, Tile Shop reported net sales of $88 million, a decline of 4.1% year over year from $91.7 million. Comparable store sales dropped 4% year over year, which management attributed to a decrease in store traffic. Net income fell sharply to $172,000 from $1.7 million in the prior-year period, translating to diluted earnings per share of $0.00 compared with $0.04 in the prior year. Adjusted EBITDA also declined 38.4% to $4.6 million, or 5.2% of net sales, from $7.4 million, or 8.1% of net sales, a year ago. Despite the revenue decline, gross margin improved 20 basis points to 66% from 65.8%, driven by lower inventory write-offs, partially offset by higher delivery costs. Tile Shop Holdings, Inc. price-consensus-eps-surprise-chart | Tile Shop Holdings, Inc. Quote Total operating income declined sharply to $183,000 from $2.3 million, compressing the operating margin to 0.2% from 2.5%. Selling, general, and administrative (SG&A) expenses declined 0.3% year over year to $57.9 million from $58 million. The decrease was primarily due to a $0.7 million decrease in depreciation, a $0.4 million decrease associated with the closure of one distribution center in the third quarter of 2024 and a $0.4 million decrease in benefits. These factors were partially offset by a $0.7 million increase in advertising costs, a $0.3 million increase in training and a $0.3 million uptick in IT expenses. Tile Shop ended the quarter with $27.1 million in cash and no outstanding debt, up from $20.9 million in cash at the end of 2024. Operating cash flow totaled $9.9 million in the quarter compared with $18.6 million in the year-ago period. Pretax Return on Capital Employed fell to 1.2% on a trailing 12-month basis, down from 11.3% a year earlier, reflecting ongoing margin and profitability pressures. CEO Cabell Lolmaugh acknowledged the continuing impact of low housing turnover and macro headwinds such as tariffs and cautious consumer sentiment. Still, management emphasized their strategy of focusing on controllable factors — improving customer experience and managing costs. A key highlight was the increase in tile volume sold during the quarter, which the company attributed to an expanded product assortment, particularly entry-level options and the Arbour collection of luxury vinyl tile. This volume growth occurred despite lower average selling prices, suggesting that new offerings are resonating with value-conscious consumers. Lolmaugh expressed confidence in TTSH's supplier diversification strategy, noting that Tile Shop now sources from over 25 countries. This positioning is expected to help the company navigate increased tariffs on certain imported goods. Additionally, the retailer has been developing partnerships with domestic manufacturers, which may help offset some international sourcing risks going forward. CFO Mark Davis elaborated that, despite this shift in product mix, the company was able to maintain average ticket values due to stronger volumes. He also noted the positive impact of new engineered hardwood and laminate products, along with continued traction in large-format tiles. The decline in net sales and earnings was primarily driven by lower store traffic, exacerbated slightly by the absence of an extra sales day that benefited the 2024 quarter (due to the leap year). Management estimated that the additional day in the prior-year quarter contributed approximately $1 million in sales. Despite weaker revenues, the company maintained average ticket size by offsetting lower average selling prices with increased tile volumes. This mix shift was underpinned by new product introductions targeting both price-sensitive and design-conscious customers. Furthermore, while gross margin improved modestly, SG&A expenses absorbed new investments in marketing, employee training, and IT systems. These expenses, although constraining profitability in the short term, are viewed as essential to long-term competitiveness. Tile Shop did not provide formal financial guidance for upcoming quarters. However, management indicated confidence in their spring selling season and reiterated that the company's inventory strategy and global supplier diversification would help mitigate tariff-related cost pressures. The team emphasized its readiness to respond to evolving trade dynamics by shifting sourcing and implementing pricing strategies if needed. There were no acquisitions, divestitures, or major business restructurings disclosed for the first quarter of 2025. However, Tile Shop announced it had subleased its New Jersey distribution center through the third quarter of 2026. This sublease is expected to yield $2 million in income, with half of the benefit anticipated to reduce SG&A expenses over the remainder of 2025 and the balance in 2026. Additionally, Tile Shop expanded its design collaboration with Alison Victoria, a move that aligns with its strategic focus on exclusive, designer-backed offerings to differentiate its product portfolio. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tile Shop Hldgs, Inc. (TTSH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-04-2025
- Entertainment
- Yahoo
The Tile Shop Expands Collaboration With HGTV's Alison Victoria, Bringing 'City Chic' Style Off the Screen and Into Homes Everywhere
The latest styles from The Tile Shop and HGTV star are available now, only at and Tile Shop showrooms. MINNEAPOLIS, April 02, 2025 (GLOBE NEWSWIRE) -- Interior designer and HGTV star Alison Victoria has transformed countless spaces with her visionary eye and signature 'city chic' style. Now, fans have even more ways to bring Victoria's designs off their screens and into their homes with the latest additions to the exclusive Alison Victoria Tile collection. Initially launched in 2022 and available only at The Tile Shop, Alison Victoria Tile offers tiles, mosaics and trim featuring contemporary color palettes and distinctive details that perfectly embody Victoria's luxurious, eclectic her newest tiles, Victoria was inspired by some of her favorite places to visit, including California coastlines and the City of Light. There are five new products in total: 'Malibu Edit,' a curvaceous and modern marble mosaic in three colorways, and 'La Petite,' a Parisian-inspired patterned porcelain tile in two versatile neutral shades. 'Travel is my biggest source of creative inspiration, whether it's for my own home or for client projects,' says Victoria. 'Paris and California each have a piece of my heart, and we put that love into these designs.' 'We love collaborating with Alison on her tile collection,' says Kirsty Froelich, Senior Director of Design and Product Development, The Tile Shop. 'Her distinctive style and eye for color are reflected in the designs, and add a touch of glamour to our selection.' About the Designs Malibu Edit: Relaxed RefinementAvailable colors: Matador, Pescador and Point Dume 'Malibu Edit is inspired by the ever-changing movement of the ocean and the natural treasures it leaves behind. Vibrant colors and a playful yet elegant design reflect the beauty of shells, rocks and fragments of marble I've discovered while exploring my favorite beaches.' – Alison Victoria La Petite: Vintage ChicAvailable colors: Le Marais and Montmartre 'This tile captures the romance of Paris through the scrollwork design, patina effect and antique edging. Inspired by my favorite Parisian café, each detail evokes the charm of a bygone era and the magical feeling of being lost in the City of Light.' – Alison Victoria 'My greatest joy as a designer is helping people create their dream homes,' says Victoria. 'I could not be more proud of these tiles, and I can't wait to see the spaces created with them.' In addition to Alison Victoria, The Tile Shop's lineup of exclusive Designer Collections includes collaborations with famed design partners such as Jeffrey Alan Marks, Kelli Fontana and Nikki Chu, as well as heritage brands Laura Ashley and Morris & Co. 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 Join The Tile Shop (#thetileshop) on Facebook, Instagram, Pinterest and YouTube. ABOUT ALISON VICTORIA Alison Victoria epitomizes innovation, creativity, and excellence in the world of interior design and television. She is the visionary founder and president of Alison Victoria Interiors and since 2013 has starred in multiple hit HGTV programs, including the Emmy- and Critics Choice Award-nominated "Windy City Rehab," as well as "Rock the Block," "Kitchen Crashers," "Ugliest House in America" and many more. Renowned for her signature blend of vintage glamour and modernity, Alison's impressive portfolio high-end boutiques, luxury hotels and private residences. Most recently, Alison launched Briefly Gorgeous Productions, a company on a mission is to bring truth, authenticity and vulnerability to unscripted television. Follow Alison Victoria on Instagram, TikTok and Facebook. Tile Shop Media Contact: A photo accompanying this announcement is available at in to access your portfolio
