secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001104659-22-056761
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922056761/0001104659-22-056761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922056761/tm2214691d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-056761

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