secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001104659-23-055786
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tile Shop Q1 net sales flat at $102M; net income down to $2.5M from $3.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465923055786/0001104659-23-055786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465923055786/tm2314650d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055786

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