Tile Shop Q4 net sales down 3.0%, full-year revenue record; completes $30M share buyback

TILE SHOP HOLDINGS, INC.

Q4 net sales $87.5M (-3.0% YoY), comp store sales -2.8%; full-year net sales $394.7M (+6.5%), record revenue.
Q4 net income $1.5M ($0.03 EPS), full-year $15.7M ($0.32 EPS); adjusted EBITDA Q4 $8.9M, full-year $49.6M.
Gross margin contracted: Q4 64.5% (vs 66.1%), full-year 65.6% (vs 68.3%) due to higher product costs and freight.
Completed $30M share repurchase, retired 7.8M shares at avg $3.87; debt increased to $45.4M to fund buybacks.
Board approved salary increases for CEO to $412k, CFO to $300k, effective Jan 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TILE SHOP HOLDINGS, INC. reported three months ended December 31, 2022 results: revenue $87,473, net income $1,453, EPS $0.03.

Period: three months ended December 31, 2022
Revenue: $87,473
Net income: $1,453
EPS: $0.03
Result: reported results

Exact text from the filing

momentum into 2023.” Three Months Ended Full Year Ended (unaudited, dollars in thousands, except per share data) December 31, December 31, 2022 2021 2022 2021 Net sales $ 87,473 $ 90,183 $ 394,702 $ 370,700 Net sales (decline) growth (1) (3.0 )% 10.6 % 6.5 % 14.0 % Comparable store sales (decline) growth (2) (2.8 )% 10.3 % 6.5 % 13.8 % Gross margin rate

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TILE SHOP HOLDINGS, INC. reported fiscal year ended December 31, 2022 results: revenue $394,702, net income $15,703, EPS $0.32.

Period: fiscal year ended December 31, 2022
Revenue: $394,702
Net income: $15,703
EPS: $0.32
Result: reported results

Exact text from the filing

2023.” Three Months Ended Full Year Ended (unaudited, dollars in thousands, except per share data) December 31, December 31, 2022 2021 2022 2021 Net sales $ 87,473 $ 90,183 $ 394,702 $ 370,700 Net sales (decline) growth (1) (3.0 )% 10.6 % 6.5 % 14.0 % Comparable store sales (decline) growth (2) (2.8 )% 10.3 % 6.5 % 13.8 % Gross margin rate 64.5 % 66.1 % 65.6 %

View on SEC.gov

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

TILE SHOP HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-027654

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.