secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001104659-22-114213
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922114213/0001104659-22-114213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922114213/tm2229598d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-114213

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