earnings
confidence high
sentiment negative
materiality 0.60
Tile Shop Q2 net sales down 3.4% to $88.3M; net income $0.4M vs $1.2M YoY
TILE SHOP HOLDINGS, INC.
2025-Q2 EPS reported
$0.01
revenue$176,269,000
- Comparable store sales declined 3.5% on lower traffic; gross margin fell 160 bps to 64.4%.
- Adjusted EBITDA dropped to $4.9M from $6.7M; adjusted EBITDA margin 5.6% vs 7.4%.
- Closed Spring Valley, WI distribution center; annualized benefit expected ~$1.0M.
- No debt outstanding; cash increased to $27.8M from $21.0M at year-end 2024.
- Closed one store in Q2 and another in Q3 at lease end; store count now 141.