Tile Shop Q4 net loss of $0.6M; sales -5.9%; promotes Kinder as Chief Merchant Officer

TILE SHOP HOLDINGS, INC.

2024-FY EPS reported $0.05 vs consensus $0.01 ▲ beat (+390.2%)

Q4 net loss $628K vs profit $636K; adjusted EBITDA $3.4M vs $6.6M.
Net sales $79.5M (-5.9%); comp store sales -5.8%. Full year sales $347.1M (-8.0%).
Full year net income $2.3M ($0.05 diluted EPS) vs $10.1M ($0.23); adj. EBITDA $22.6M.
Promoted Joseph Kinder to SVP Chief Merchant Officer; salary $350K, bonus target 50%, equity $200K.
No debt on $75M line of credit; cash $21.0M at year-end.

item 2.02 item 5.02 item 9.01

Executive movements

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Role change

Joseph Kinder

Senior Vice President, Chief Merchant Officer

TTSH · TILE SHOP HOLDINGS, INC.

Effective: 2025-02-25
Filed: February 27, 2025, 6:59 PM ET

On February 25, 2025, the Company promoted Joseph Kinder, the Company’s current Senior Vice President of Supply Chain & Distribution, to the position of Senior Vice President, Chief Merchant Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Joseph Kinder changed role as Senior Vice President, Chief Merchant Officer at TILE SHOP HOLDINGS, INC..

Action: promoted
Role: Senior Vice President, Chief Merchant Officer

Exact text from the filing

On February 25, 2025, the Company promoted Joseph Kinder, the Company’s current Senior Vice President of Supply Chain & Distribution, to the position of Senior Vice President, Chief Merchant Officer.

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TILE SHOP HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-017787

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