Tile Shop Holdings Inc
NASDAQ:TTSH
Tile Shop Holdings Inc
Tile Shop Holdings, Inc. operates as a holding company. The company is headquartered in Plymouth, Minnesota and currently employs 1,247 full-time employees. The company went IPO on 2012-08-22. The firm offers assortment of natural stone and man-made tile products. Natural stone products include marble, travertine, granite, quartz, sandstone, slate, and onyx tiles. Man-made products include ceramic, porcelain, glass, cement, wood look, and metal tiles. The Company’s wide assortment of accessories, including trim pieces, mosaics, pencils, listellos, and other unique products. The firm also offers a range of setting and maintenance materials, such as thinnest, grout, sealers, and accessories, including installation tools, shower and bath shelves, drains, and similar products. The company also offers customers delivery service through third-party freight providers. The firm sells its products under brand names, including Superior Adhesives & Chemicals, Superior Tools & Supplies, Rush River and Fired Earth.
Tile Shop Holdings, Inc. operates as a holding company. The company is headquartered in Plymouth, Minnesota and currently employs 1,247 full-time employees. The company went IPO on 2012-08-22. The firm offers assortment of natural stone and man-made tile products. Natural stone products include marble, travertine, granite, quartz, sandstone, slate, and onyx tiles. Man-made products include ceramic, porcelain, glass, cement, wood look, and metal tiles. The Company’s wide assortment of accessories, including trim pieces, mosaics, pencils, listellos, and other unique products. The firm also offers a range of setting and maintenance materials, such as thinnest, grout, sealers, and accessories, including installation tools, shower and bath shelves, drains, and similar products. The company also offers customers delivery service through third-party freight providers. The firm sells its products under brand names, including Superior Adhesives & Chemicals, Superior Tools & Supplies, Rush River and Fired Earth.
Comparable Sales: Same-store sales fell by 3.5% in Q2, mainly due to weaker store traffic despite improved tile volume sales.
Gross Margin: Gross margin declined to 64.4%, down 160 basis points year-over-year, pressured by increased discounting and higher product costs.
Cost Cutting: Management highlighted significant cost reduction actions, including closing two distribution centers, cutting the corporate workforce by about one-third, closing two stores, and reducing SG&A expenses by $2.1 million.
Product Assortment: The company expanded its offerings in LVT, laminate, engineered wood, and large-format tile, and launched a new signature line with over 250 products.
Tariff Strategy: Management feels well-positioned to handle tariff changes due to diversified sourcing across 20+ countries and higher inventory levels.
Cash Position: Tile Shop generated $13.5 million in operating cash flow in the first half of 2025, increasing its cash balance to $27.8 million.
