Earnings Call Summary | Tile Shop(TTSH.US) Q1 2024 Earnings Conference
Earnings Call Summary | Tile Shop(TTSH.US) Q1 2024 Earnings Conference
The following is a summary of the Tile Shop Holdings, Inc. (TTSH) Q1 2024 Earnings Call Transcript:
以下是瓷砖商店控股公司（TTSH）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Tile Shop reported Q1 2024 sales decrease by 10.2% due to lower store traffic.
The gross margin rate for Q1 was 65.8%, a 160 basis point increase compared to Q1 2023.
SG&A expenses for Q1 were $58 million, $3.4 million lower than in Q1 2023.
Despite challenging top line results for the first quarter, Tile Shop generated $18.6 million of operating cash flow and ended the quarter with a $24 million cash balance.
Tile Shop报告称，由于商店流量减少，2024年第一季度的销售额下降了10.2％。
第一季度的毛利率为65.8％，与2023年第一季度相比增长了160个基点。
第一季度的销售和收购支出为5800万美元，比2023年第一季度减少了340万美元。
尽管第一季度的营收业绩充满挑战，但Tile Shop创造了1,860万美元的运营现金流，并在本季度末实现了2400万美元的现金余额。
Business Progress:
业务进展：
Tile Shop has relaunched its private label superior line of backshelf products targeted towards professional customers.
The company's e-commerce sales increased by over 25% during the first quarter of 2024 compared to the same period in 2023.
Future strategies include enhancing relationships with professional customers, expanding their assortment of products to appeal to middle-market customers and investing in e-commerce capabilities.
The company has plans to expand the offering of high-quality, competitively priced LVT products.
Tile Shop重新推出了针对专业客户的自有品牌高级背架产品系列。
与2023年同期相比，该公司的电子商务销售额在2024年第一季度增长了25％以上。
未来的战略包括加强与专业客户的关系，扩大其产品种类以吸引中间市场客户，以及投资电子商务能力。
该公司计划扩大高质量、价格具有竞争力的LVT产品的供应。
More details: Tile Shop IR
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