TTSH Earnings Prediction
The chart below shows how TTSH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TTSH sees a -5.51% change in stock price 10 days leading up to the earnings, and a -5.06% change 10 days following the report. On the earnings day itself, the stock moves by -2.04%. This data can give you a slight idea of what to expect for the next quarter's release.
TTSH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
84.50M
-8.26%
-7.53%
Gross Margin
66.54%
2.91%
0.79%
Operating Margin
0.30%
-90.23%
-90.03%
Net Margin
0.05%
-97.50%
-96.24%
EPS
0.00
-100.00%
-100.00%
No Data Available
TTSH Earnings Analysis
Tile Shop Holdings, Inc. Corporation (TTSH.O) Earnings Conference Call
Positive
Gross Margin Improvement: 1. Improved Gross Margin: The gross margin rate increased to 66.5%, reflecting a 180 basis point improvement compared to Q3 2023, attributed to lower inventory costs and improved delivery collection rates.
Gross Margin Improvement: 2. Year-to-Date Gross Margin Growth: Year-to-date gross margin improved by 170 basis points from 64.4% in 2023 to 66.1% in 2024, driven by stabilizing international freight rates and reduced inventory purchasing costs.
SG&A Expense Reduction: 3. Reduction in SG&A Expenses: Third quarter SG&A expenses decreased by $700,000 compared to Q3 2023, primarily due to lower variable compensation, depreciation, and advertising costs.
Cost Savings Projections: 4. Annualized Cost Savings: The company anticipates annualized benefits from recent structural changes, including distribution center closures, to range from $2.8 million to $4.1 million.
Cash Flow Strength: 5. Strong Cash Position: Tile Shop ended the quarter with $25.1 million in cash and no bank debt, alongside generating $28.5 million in operating cash flow year-to-date.
Negative
Comparable Store Sales Decline: Sales at comparable stores decreased by 7.9% compared to the third quarter of 2023 due to lower levels of store traffic.
Housing Market Challenges: The most recent existing home sales report shows housing turnover at the lowest level since 2010, indicating a challenging market environment.
SG&A Expense Analysis: SG&A expenses for the third quarter were $56 million, with a decrease attributed to lower variable compensation, but still reflecting ongoing cost pressures.
Cost-Cutting Measures: The company closed its distribution center in Dayton, New Jersey, and reduced staffing levels, indicating a need to cut costs amid declining sales.
Sales Decline Amid Margin Improvement: Despite a gross margin improvement to 66.5%, the overall sales decline suggests that the company is struggling to maintain revenue growth.
TTSH FAQs
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TTSH Earning Call Sentiment
Tile Shop Holdings, Inc (TTSH) Q3 2024 Earnings Call Transcript
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TTSH.O
-3.12%Positive
The earnings call summary presents a mixed picture. While there are positive aspects like gross margin improvement, cash position, and strategic initiatives, there are also significant concerns such as declining sales, macroeconomic headwinds, and operational challenges. The Q&A session did not raise significant concerns, but the lack of strong positive catalysts and ongoing industry challenges suggest a neutral impact on stock price. The absence of market cap data limits the assessment of stock volatility, but overall, the sentiment leans towards a neutral reaction.
