---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-114213"
form_type: "8-K"
ticker: "TTSH"
cik: "0001552800"
company_name: "TILE SHOP HOLDINGS, INC."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:58:37.712374+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-114213
- form_type: 8-K
- ticker: TTSH
- cik: 0001552800
- company_name: TILE SHOP HOLDINGS, INC.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552800/000110465922114213/0001104659-22-114213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552800/000110465922114213/tm2229598d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-114213
- JSON: https://secwatch.observer/filing/0001104659-22-114213.json
- Plain text: https://secwatch.observer/filing/0001104659-22-114213.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552800/000110465922114213/0001104659-22-114213-index.htm

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