Tile Shop Q3 sales up 5.3%; gross margin slips to 66.5%; completes $30M buyback

TILE SHOP HOLDINGS, INC.

2022-Q3 EPS reported $0.28 revenue$307,230,000

Q3 net sales $97.2M (+5.3% YoY); comp store sales +5.3% on higher average ticket.
Gross margin 66.5% vs 68.2% due to vendor cost increases and higher freight.
Net income $3.8M ($0.08 diluted EPS) vs $2.2M ($0.04) YoY; adjusted EBITDA $12.2M.
Completed $30M share repurchase; 7.8M shares bought at avg $3.87 per share.
Entered new $75M revolving credit facility with JPMorgan, maturing Sept 2027.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TILE SHOP HOLDINGS, INC. reported financial results for its third quarter ended September 30, 2022.

Period: its third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 3, 2022, Tile Shop Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

TILE SHOP HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-22-114213

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