---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-113588"
form_type: "8-K"
ticker: "TTSH"
cik: "0001552800"
company_name: "TILE SHOP HOLDINGS, INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:11:05.189600+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-113588
- form_type: 8-K
- ticker: TTSH
- cik: 0001552800
- company_name: TILE SHOP HOLDINGS, INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552800/000110465923113588/0001104659-23-113588-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552800/000110465923113588/tm2329662d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-113588
- JSON: https://secwatch.observer/filing/0001104659-23-113588.json
- Plain text: https://secwatch.observer/filing/0001104659-23-113588.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552800/000110465923113588/0001104659-23-113588-index.htm

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