Tile Shop reports Q3 net sales down 5.2%; net income drops to $1.8M; debt reduced $10M

TILE SHOP HOLDINGS, INC.

2023-Q3 EPS reported $0.22 revenue$292,688,000

Net sales $92.1M, down 5.2% YoY; comparable store sales down 4.9%.
Net income $1.8M ($0.04 diluted EPS) vs $3.8M ($0.08) a year ago.
Gross margin 64.7% vs 66.5% due to inflationary cost pressures.
Adjusted EBITDA $8.3M (9.0% of sales) vs $12.2M (12.6%).
Reduced long-term debt by $10M in Q3 and $35.4M YTD; cash $16.4M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TILE SHOP HOLDINGS, INC. reported financial results for three and nine months ended September 30, 2023.

Period: three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 2, 2023, Tile Shop Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2023.

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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 0001104659-23-113588

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