Tile Shop Q3 sales fall on price pressure

Tile Shop Holdings

04/11/2025 22:05

Overview

Tile Shop Q3 sales fell 1.7% yr/yr, with a net loss of $1.6 mln

Gross margin declined to 62.9% due to higher product costs and delivery expenses

Outlook

Tile Shop focuses on reducing expenses and limiting capital spending due to market challenges

Company sees no meaningful change in demand for home improvement projects

Tile Shop anticipates declining interest rates may eventually boost the industry

Result Drivers

UNIT VOLUME INCREASE - Modest increase in unit volumes driven by expanded range of competitively priced products

PRICE PRESSURE - Average selling prices faced pressure, contributing to 1.4% decrease in comparable store sales

MARGIN PRESSURE - Rising costs, delivery fees, and discounts led to lower gross margin

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
$83.06 mln
Q3 Net Income
-$1.61 mln
Q3 Adjusted EBITDA
$2.04 mln
Q3 Gross Margin
62.90%


Press Release: ID:nGNX6sBBh0

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(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.)