Tile Shop Q2 net sales down 8.4%; EPS $0.12 vs $0.13; debt reduced $25.4M YTD

TILE SHOP HOLDINGS, INC.

2023-Q2 EPS reported $0.17 revenue$200,576,000

Net sales $98.6M, down 8.4% YoY; comparable store sales declined 8.0%.
Net income $5.1M ($0.12 diluted EPS) vs $6.9M ($0.13) in Q2 2022.
Gross margin 64.2%, down from 66.0% due to inflationary cost pressure.
Adjusted EBITDA $13.6M (13.8% of sales) vs $16.8M (15.6%) a year ago.
Debt reduced $25.4M YTD to $20.0M; cash increased $8.6M to $14.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TILE SHOP HOLDINGS, INC. reported six months ended June 30, 2023 results: revenue $200,576, net income $7,591, EPS $0.17.

Period: six months ended June 30, 2023
Revenue: $200,576
Net income: $7,591
EPS: $0.17
Result: reported results

Exact text from the filing

far this year.” Three Months Ended Six Months Ended June 30, June 30, (unaudited, dollars in thousands, except per share data) 2023 2022 2023 2022 Net sales $ 98,557 $ 107,604 $ 200,576 $ 210,075 Net sales (decline) growth (1) (8.4 )% 11.9 % (4.5 )% 11.6 % Comparable store sales (decline) growth (2) (8.0 )% 12.0 % (4.0 )% 11.6 % Gross margin rate 64.2 % 66.0 %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TILE SHOP HOLDINGS, INC. reported second quarter ended June 30, 2023 results: revenue $98,557, net income $5,079, EPS $0.12.

Period: second quarter ended June 30, 2023
Revenue: $98,557
Net income: $5,079
EPS: $0.12
Result: reported results

Exact text from the filing

of our debt so far this year.” Three Months Ended Six Months Ended June 30, June 30, (unaudited, dollars in thousands, except per share data) 2023 2022 2023 2022 Net sales $ 98,557 $ 107,604 $ 200,576 $ 210,075 Net sales (decline) growth (1) (8.4 )% 11.9 % (4.5 )% 11.6 % Comparable store sales (decline) growth (2) (8.0 )% 12.0 % (4.0 )% 11.6 % Gross margin

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

TILE SHOP HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-087042

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