secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001104659-23-087042
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465923087042/0001104659-23-087042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465923087042/tm2318596d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-087042

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