The Tile Shop Sales Down 3.4% in Q2, Income Down 68%

Minneapolis, MN, August 8, 2025-The Tile Shop reported Q2 2025 net sales of $88.3 million, a 3.4% decline compared to net sales of $91.4 million in Q2 2024.

Income for Q2 2025 was $392 million, a 68% decline compared to income of $1,219 million in the same period last year.

For the first half, the company had net sales of $176.3 million, down 3.7% compared to $183.1 million in the same period last year.

For the first half of 2025, net income was $564 million, down 81% from $2,908 in the prior year.

Said CEO Cabell Lolmaugh, “We believe the steps we’ve taken to expand our assortment of entry level, competitively priced products have contributed to a modest improvement in unit volumes during the second quarter when compared to the prior year. The improvement in unit volumes was offset due to increased demand for products carrying lower average selling prices and an increase in discounting. Housing turnover remains near historic lows, which continues to put pressure on traffic in our stores and our comparable store sales results. Nevertheless, we believe the refinements made to our assortment have helped broaden our appeal to a wider range of customers and position us to more effectively navigate the challenges of the current environment.”