Brief: Tile Shop Q2 EPS USD 0.01

Tile Shop Holdings

07/08/2025 12:00

Overview

Tile Shop Q2 net sales fall 3.4%, comparable store sales down 3.5%

Co's gross margin declines to 64.4% due to higher discounting and costs

Tile Shop ends Q2 with $27.8 mln cash, no debt outstanding

Outlook

Company sees pressure from low housing turnover affecting store traffic

Tile Shop aims to broaden customer appeal with refined product assortment

Company anticipates annualized benefit of $1 mln from distribution center closure

Result Drivers

PRODUCT ASSORTMENT - Expanded entry-level product assortment led to modest improvement in unit volumes, per CEO Cabell Lolmaugh

LOWER SELLING PRICES - Increased demand for lower-priced products and discounting offset volume gains

HOUSING TURNOVER - Historic lows in housing turnover pressured store traffic and comparable store sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
$88.26 mln
Q2 EPS
$0.01
Q2 Net Income
$392,000
Q2 Adjusted EBITDA
$4.94 mln
Q2 Gross Margin
64.4%


Press Release: ID:nGNXcbVtty

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)