Tile Shop Q1 net income plunges 90% to $0.2M; revenue down 4.1%

TILE SHOP HOLDINGS, INC.

2025-Q1 EPS reported $0.00 revenue$88,009,000

Net sales of $88.0M down 4.1% YoY; comparable store sales down 4.0% on lower traffic.
Net income of $172K ($0.00 diluted EPS) vs $1.7M ($0.04) a year ago; adjusted EBITDA $4.6M (5.2% of sales) vs $7.4M (8.1%).
Gross margin improved 20 bps to 66.0% on lower inventory write-offs, partly offset by higher delivery costs.
Ended quarter with $27.1M cash and no debt on $75M credit line; cash up from $21.0M at Dec 2024.
CEO cites U.S. tariff changes as cost pressure; evaluating sourcing adjustments and pricing strategies.

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