---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-087042"
form_type: "8-K"
ticker: "TTSH"
cik: "0001552800"
company_name: "TILE SHOP HOLDINGS, INC."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:09:22.438451+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-087042
- form_type: 8-K
- ticker: TTSH
- cik: 0001552800
- company_name: TILE SHOP HOLDINGS, INC.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552800/000110465923087042/0001104659-23-087042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552800/000110465923087042/tm2318596d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-087042
- JSON: https://secwatch.observer/filing/0001104659-23-087042.json
- Plain text: https://secwatch.observer/filing/0001104659-23-087042.txt

## Key facts
- Earnings Releases
  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
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552800/000110465923087042/0001104659-23-087042-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552800/000110465923087042/0001104659-23-087042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.