The tile shop reports fourth quarter and full-year 2024 results

Minneapolis, feb. 27, 2025 (globe newswire) -- tile shop holdings, inc. (nasdaq: ttsh) (the “company”), a specialty retailer of natural stone, man-made and luxury vinyl tiles today announced results for its fourth quarter and full-year ended december 31, 2024. fourth quarter 2024 summary net sales decreased 5.9% comparable store sales decreased 5.8% gross margin of 64.2% net loss of $0.6 million and adjusted ebitda of $3.4 million net loss per share of $0.01 no debt outstanding and $21.0 million of cash at year-end full-year 2024 summary net sales decreased 8.0% comparable store sales decreased 7.8% gross margin of 65.7% net income of $2.3 million and adjusted ebitda of $22.6 million diluted earnings per share of $0.05   management commentary – cabell lolmaugh, ceo “while the challenges facing the home improvement sector continued to persist, i'm pleased with the team's execution during the quarter which contributed to the modest sequential improvement in our comparable store sales results when compared to the third quarter.
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