---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-056761"
form_type: "8-K"
ticker: "TTSH"
cik: "0001552800"
company_name: "TILE SHOP HOLDINGS, INC."
filed_at: "2022-05-06T23:59:59+00:00"
generated_at: "2026-06-25T22:58:43.179193+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tile Shop Q1 net sales hit record $102.5M (+11.3% YoY); net income falls to $3.5M

## Summary
- Net sales $102.5M (+11.3% YoY) and comparable store sales +10.7% driven by higher prices.
- Gross margin 65.2% vs 69.7% due to vendor price increases and higher international freight.
- Net income $3.5M ($0.07 diluted EPS) vs $5.3M ($0.10) YoY; Adjusted EBITDA $11.7M vs $14.7M.
- Selling, general & admin expenses up 8.4% to $62.1M, primarily from payroll additions.
- Cash $13.5M, debt $5.0M; 143 stores at quarter end, unchanged YoY.

## SEC filing metadata
- accession: 0001104659-22-056761
- form_type: 8-K
- ticker: TTSH
- cik: 0001552800
- company_name: TILE SHOP HOLDINGS, INC.
- filed_at: 2022-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552800/000110465922056761/0001104659-22-056761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552800/000110465922056761/tm2214691d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-056761
- JSON: https://secwatch.observer/filing/0001104659-22-056761.json
- Plain text: https://secwatch.observer/filing/0001104659-22-056761.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.