Overview

* Tile Shop ( TTSH ) 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 ( TTSH ) 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 ( TTSH ) 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/Mis Actual Consensu

s s

Estimate

Q3 Sales $83.06

mln

Q3 Net -$1.61

Income mln

Q3 $2.04

Adjusted mln

EBITDA

Q3 Gross 62.90%

Margin

Press Release:

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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.)