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:
以下是瓷磚商店控股公司（TTSH）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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報告稱，由於商店流量減少，2024年第一季度的銷售額下降了10.2％。
第一季度的毛利率爲65.8％，與2023年第一季度相比增長了160個點子。
第一季度的銷售和收購支出爲5800萬美元，比2023年第一季度減少了340萬美元。
儘管第一季度的營收業績充滿挑戰，但Tile Shop創造了1,860萬美元的運營現金流，並在本季度末實現了2400萬美元的現金餘額。
Business Progress:
業務進展：
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重新推出了針對專業客戶的自有品牌高級背架產品系列。
與2023年同期相比，該公司的電子商務銷售額在2024年第一季度增長了25％以上。
未來的戰略包括加強與專業客戶的關係，擴大其產品種類以吸引中間市場客戶，以及投資電子商務能力。
該公司計劃擴大高質量、價格具有競爭力的LVT產品的供應。
More details: Tile Shop IR
更多詳情： 瓷磚店紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。