earnings
confidence high
sentiment negative
materiality 0.65
Tile Shop Q2 net sales down 7.3% to $91.4M; net income falls to $1.2M
TILE SHOP HOLDINGS, INC.
2024-Q2 EPS reported
$0.07
revenue$183,112,000
- Net sales of $91.4M, down 7.3% YoY; comparable store sales declined 6.9%.
- Net income $1.2M ($0.03 diluted EPS) vs. $5.1M ($0.12) in Q2 2023.
- Adjusted EBITDA $6.7M (7.4% margin), down from $13.6M (13.8%) a year ago.
- Gross margin improved 180 bps to 66.0%, aided by lower product costs.
- No borrowings on $75M credit line; cash and equivalents $25.3M at quarter end.