Tile Shop Holdings, Inc. has released its first quarter 2025 financial results, revealing a 4.1% decrease in net sales, which stood at $88.009 million, compared to $91.728 million in the same period of 2024. The company reported a gross margin of 66.0% for the quarter. Comparable store sales also saw a decline of 4.0%, primarily attributed to reduced customer traffic. Net income for the quarter was $0.172 million, a decline from $1.689 million in the first quarter of 2024. Adjusted EBITDA was reported at $4.566 million, down from $7.417 million in the prior year period. Tile Shop Holdings maintained its number of stores at 142, consistent with the previous year. The company is actively exploring strategies to mitigate cost pressures resulting from recent changes in U.S. trade policy, including increased tariffs on certain imported goods.
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