TTSH stock drops 3.1% after Q4 earnings with sales decline, improved margins

From Zacks Investment Research: 2025-03-03 13:12:12

Shares of Tile Shop Holdings, Inc. (TTSH) dropped 3.1% after reporting Q4 earnings. Sales declined to $347.1 million in 2024, with a net income decrease of 76.9% to $2.3 million. Despite this, the gross margin improved to 65.7% in 2024. SG&A expenses decreased to $224.4 million, and the company ended the year with $20.9 million in cash. CEO Cabell Lolmaugh highlighted measures to attract a broader customer base, while CFO Mark Davis noted growth in certain product lines. The decline in sales was due to lower customer traffic, and the company plans to close two unprofitable stores in 2025.



Read more at Zacks Investment Research: TTSH Stock Declines Post Q4 Earnings Amid Lower Sales, Margins Improve – March 3, 2025