Tile Shop ( (TTSH) ) has issued an update.
On February 25, 2025, Tile Shop’s Board of Directors approved salary increases for its executive officers and promoted Joseph Kinder to Senior Vice President, Chief Merchant Officer, with a detailed employment agreement outlining his transition to a non-executive role by 2027. The company also reported its financial results for the fourth quarter and full year of 2024, noting a decrease in net sales and comparable store sales, but maintained a strong gross margin and ended the year with no debt and significant cash reserves. Despite challenges in the home improvement sector, the company is optimistic about its strategic enhancements and product offerings for 2025.
More about Tile Shop
Tile Shop Holdings, Inc. is a specialty retailer that focuses on natural stone, man-made, and luxury vinyl tiles. The company operates in the home improvement sector, offering a range of tile products and installation materials to its customers.
YTD Price Performance: 10.97%
Average Trading Volume: 119,689
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $343.4M
For a thorough assessment of TTSH stock, go to TipRanks’ Stock Analysis page.
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