secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0001104659-22-029685
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tile Shop Q4 net sales up 10.6% to $90.2M; net income $1.8M; special dividend of $0.65/share
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- Net sales $90.2M (+10.6% YoY); comparable store sales +10.3%; net income $1.8M ($0.04 diluted EPS).
- Full-year 2021 net sales $370.7M (+14.0%); net income $14.8M ($0.29 diluted EPS); Adjusted EBITDA $50.3M.
- Gross margin contracted to 66.1% from 68.5% in Q4, pressured by vendor price increases and higher freight costs.
- Paid a $0.65 per share special dividend, returning $33M to shareholders during Q4.
- Compensation committee approved salary increase for SVP Supply Chain Joseph Kinder to $270K from $230K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922029685/0001104659-22-029685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922029685/tm227937d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-029685

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer