secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001104659-22-085878
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tile Shop Q2 net sales up 11.9% to $107.6M; gross margin contracts to 66.0%
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- Net sales $107.6M (+11.9% YoY); comparable store sales +12.0% driven by higher prices.
- Gross margin 66.0% vs 69.1% a year ago; inflation and higher freight costs partially offset by price increases.
- Net income $6.9M ($0.13 diluted EPS) vs $5.5M ($0.11) in Q2 2021.
- Adjusted EBITDA $16.8M (15.6% of sales) vs $15.4M (16.0%) in prior year.
- Inventory $110.0M, up $5.3M from Q1; debt unchanged at $5.0M; cash $10.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922085878/0001104659-22-085878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922085878/tm2222553d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-085878

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