{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-027654","form_type":"8-K","ticker":"TTSH","cik":"0001552800","company_name":"TILE SHOP HOLDINGS, INC.","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.546591+00:00","generated_at":"2026-06-18T15:07:53.194231+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Tile Shop Q4 net sales down 3.0%, full-year revenue record; completes $30M share buyback","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-027654","json":"https://secwatch.observer/filing/0001104659-23-027654.json","markdown":"https://secwatch.observer/filing/0001104659-23-027654.md","text":"https://secwatch.observer/filing/0001104659-23-027654.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1552800/000110465923027654/0001104659-23-027654-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1552800/000110465923027654/tm238282d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T15:07:53.194231+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4532808af3c3277834ad6f24f9aa5001627763da","claim":"TILE SHOP HOLDINGS, INC. reported three months ended December 31, 2022 results: revenue $87,473, net income $1,453, EPS $0.03.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1552800/000110465923027654/0001104659-23-027654-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Revenue","value":"$87,473"},{"label":"Net income","value":"$1,453"},{"label":"EPS","value":"$0.03"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"877f8382f7af82037cca4daa2d8820662318e112","claim":"TILE SHOP HOLDINGS, INC. reported fiscal year ended December 31, 2022 results: revenue $394,702, net income $15,703, EPS $0.32.","evidence_excerpt":"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 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1552800/000110465923027654/0001104659-23-027654-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$394,702"},{"label":"Net income","value":"$15,703"},{"label":"EPS","value":"$0.32"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}