secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001104659-24-029056
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tile Shop Q4 net sales down 3.4% YoY; EPS $0.01; full-year net income $10.1M
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- Q4 net sales $84.5M, down 3.4% YoY; comp store sales declined 3.2%.
- Q4 net income $0.6M, diluted EPS $0.01; adjusted EBITDA $6.6M vs $8.9M a year ago.
- Full-year 2023 net sales $377.1M (-4.4%); net income $10.1M ($0.23 EPS); adjusted EBITDA $38.8M.
- No debt outstanding at Dec 31, 2023; cash and equivalents $8.6M.
- Board approved salary increases: CEO to $424k, CFO to $309k, effective Jan 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465924029056/0001104659-24-029056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465924029056/tm247455d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-029056

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