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Tile Shop(TTSH) - 2021 Q2 - Quarterly Report
2021-08-05 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from – to – Commission file number: 001-35629 _____________________________ _____________________________ FORM 10-Q _____________________________ (Mark One) TILE SHOP HOLDINGS, INC. (Ex ...
Tile Shop(TTSH) - 2021 Q1 - Quarterly Report
2021-05-07 20:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q _____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from – to – Commission file number: 001-35629 _____________________________ TILE SHOP HOLDINGS, INC. (E ...
Tile Shop(TTSH) - 2020 Q4 - Annual Report
2021-03-11 21:44
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to (Exact name of registrant as specified in its charter) Delaware 45-5538095 (State or other jurisdiction of incorporation or organization) (I.R.S. Employe ...
Tile Shop(TTSH) - 2020 Q4 - Earnings Call Transcript
2021-03-11 17:55
Tile Shop Holdings, Inc. (NASDAQ:TTSH) Q4 2020 Earnings Conference Call March 11, 2021 9:00 AM ET Company Participants Mark Davis - Vice President of Investor Relations and Chief Accounting Officer Cabell Lolmaugh - President and Chief Executive Officer Nancy DiMattia - Senior Vice President and Chief Financial Officer Conference Call Participants David Kanen - Kanen Wealth Management Eric DeLamarter - Half Moon Capital Kunal Mehta - Montana Advisors John Helander - Chesapeake Advisory Operator Ladies and g ...
Tile Shop(TTSH) - 2020 Q3 - Quarterly Report
2020-11-09 20:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q _____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from – to – Commission file number: 001-35629 _____________________________ TILE SHOP HOLDINGS, INC ...
Tile Shop(TTSH) - 2020 Q3 - Earnings Call Transcript
2020-11-08 06:43
Financial Data and Key Metrics Changes - Net sales for Q3 2020 were $81.5 million, a decrease of 5.2% year-over-year, with comparable store sales down 6.5% due to reduced traffic [15][16] - Gross profit was $55.3 million, reflecting a 6.5% decrease compared to the same quarter last year, with a gross margin of 67.9%, which is 90 basis points lower than Q3 2019 [16] - Net income for the quarter was $1.9 million, with fully diluted earnings per share at $0.04, and adjusted EBITDA was $11.1 million, representing a 400 basis point improvement in adjusted EBITDA margin to 13.7% [18] Business Line Data and Key Metrics Changes - The company focused on retail execution, setting goals for various metrics including discounting and sales productivity, with ongoing monitoring and training to improve performance [5] - The Pro loyalty program was highlighted as a key initiative to incentivize professional customers, which includes tile setters and contractors [6] Market Data and Key Metrics Changes - The company faced challenges due to COVID-19, which adversely impacted traffic and sales, particularly in the first quarter of 2020 [9][10] - Product shortages from supply chain disruptions contributed to lower sales levels in Q3 2020 compared to the previous year [15][16] Company Strategy and Development Direction - The company established three strategic priorities for 2020: focus on retail execution, enhance the Pro loyalty program, and disciplined expense management [5][7] - Efforts to reduce expenses led to a $7.4 million reduction in SG&A expenses in Q3 2020 compared to the same quarter last year [7][17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing challenges from the COVID-19 pandemic, emphasizing safety as a top priority and the need for rigorous cleaning processes [12] - The company is committed to maintaining a conservative approach to expenses while navigating the pandemic's impact on operations [10][11] Other Important Information - The company ended Q3 2020 with 142 stores, an increase from 140 stores at the end of Q3 2019, although plans to open a new store in 2020 have been postponed to 2021 [18] - Inventory levels decreased by approximately $6.1 million from the second quarter, reflecting a strategic reduction in inventory [19] Q&A Session Summary Question: What are the company's plans regarding store openings? - The company has postponed the opening of a new store planned for 2020 to 2021 [18]
Tile Shop(TTSH) - 2020 Q2 - Quarterly Report
2020-08-06 21:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q _____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from – to – Commission file number: 001-35629 _____________________________ TILE SHOP HOLDINGS, INC. (Ex ...
Tile Shop(TTSH) - 2020 Q1 - Quarterly Report
2020-05-08 20:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from – to – Commission file number: 001-35629 _____________________________ TILE SHOP HOLDINGS, INC. (Exact name of registrant as specified in its charter) _________________ ...
Tile Shop(TTSH) - 2019 Q4 - Annual Report
2020-03-13 21:16
Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2019 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-35629 TILE SHOP HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...
Tile Shop(TTSH) - 2019 Q3 - Quarterly Report
2019-11-04 18:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q _____________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from – to – Commission file number: 001-35629 _____________________________ TILE SHOP HOLDINGS, INC ...