earnings
confidence high
sentiment positive
materiality 0.65
Tile Shop Q4 net sales up 10.6% to $90.2M; net income $1.8M; special dividend of $0.65/share
TILE SHOP HOLDINGS, INC.
- Net sales $90.2M (+10.6% YoY); comparable store sales +10.3%; net income $1.8M ($0.04 diluted EPS).
- Full-year 2021 net sales $370.7M (+14.0%); net income $14.8M ($0.29 diluted EPS); Adjusted EBITDA $50.3M.
- Gross margin contracted to 66.1% from 68.5% in Q4, pressured by vendor price increases and higher freight costs.
- Paid a $0.65 per share special dividend, returning $33M to shareholders during Q4.
- Compensation committee approved salary increase for SVP Supply Chain Joseph Kinder to $270K from $230K.