{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-055786","form_type":"8-K","ticker":"TTSH","cik":"0001552800","company_name":"TILE SHOP HOLDINGS, INC.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.363408+00:00","generated_at":"2026-06-15T21:50:50.558972+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Tile Shop Q1 net sales flat at $102M; net income down to $2.5M from $3.5M","bullets":["Net sales $102.0M (down 0.4% YoY); comparable store sales +0.1%.","Gross margin 64.2% vs 65.2% last year; declined on inflationary cost pressure.","Net income $2.5M ($0.06 diluted EPS) vs $3.5M ($0.07) in Q1 2022.","Adjusted EBITDA $10.3M vs $11.7M; margin 10.1% vs 11.4%.","Repaid $20.4M of line of credit; debt balance reduced to $25.0M from $45.4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-055786","json":"https://secwatch.observer/filing/0001104659-23-055786.json","markdown":"https://secwatch.observer/filing/0001104659-23-055786.md","text":"https://secwatch.observer/filing/0001104659-23-055786.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1552800/000110465923055786/0001104659-23-055786-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1552800/000110465923055786/tm2314650d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T21:50:50.558972+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":"c3143fb5470ced872c1420de3b1ad70b0bb1dba6","claim":"TILE SHOP HOLDINGS, INC. reported first quarter ended March 31, 2023 results: revenue $ 102,019, net income $ 2,512, EPS $ 0.06.","evidence_excerpt":"our debt balance down to $25.0 million as of the end of the quarter.” Three Months Ended (unaudited, dollars in thousands, except per March 31, share data) 2023 2022 Net sales $ 102,019 $ 102,471 Net sales growth (1) (0.4 )% 11.3 % Comparable store sales growth (2) 0.1 % 10.7 % Gross margin rate 64.2 % 65.2 % Income from operations as a % of net sales 4.0 % 4.6 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1552800/000110465923055786/0001104659-23-055786-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$ 102,019"},{"label":"Net income","value":"$ 2,512"},{"label":"EPS","value":"$ 0.06"},{"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"}