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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 ...
Tile Shop(TTSH) - 2019 Q2 - Quarterly Report
2019-08-02 18:28
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 June 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. (Ex ...
Tile Shop(TTSH) - 2019 Q2 - Earnings Call Transcript
2019-07-23 17:55
Tile Shop Holdings, Inc. (TTS) Q 2, 2019 Earnings Call July 23, 2019 9:00 AM ET Company Participants Mark Davis - Investor Relations Cabby Lolmaugh - President and Chief Executive Officer Kirk Geadelmann - Senior Vice President, Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Peter Keith - Piper Jaffray Anthony Chukumba - Loop Capital Joseph Feldman - Telsey Justin Kleber - Baird Operator Mark Davis Good morning to everyone on the call and welcome to the Tile Shop's second ...
Tile Shop(TTSH) - 2019 Q1 - Quarterly Report
2019-05-09 20:54
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from – to – 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 March 31, 2019 OR Commission file number: 001-35629 _____________________________ TILE SHOP HOLDINGS, INC. (E ...
Tile Shop(TTSH) - 2019 Q1 - Earnings Call Transcript
2019-05-01 03:51
Tile Shop Holding Inc. (TTS) Q1 2019 Results Earnings Conference Call April 30, 2019 9:00 AM ET Company Participants Ken Cooper - Investor Relations Cabby Lolmaugh - President and Chief Executive Officer Kirk Geadelmann - Senior Vice President, Chief Financial Officer Conference Call Participants Geoff Small - Citi Daniel Moore - CJS Securities Joseph Feldman - Telsey Justin Kleber - Baird John Baugh - Stifel Anthony Chukumba - Loop Capital Peter Keith - Piper Jaffray Operator Good morning, ladies and g ...