{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-059122","form_type":"8-K","ticker":"TTSH","cik":"0001552800","company_name":"TILE SHOP HOLDINGS, INC.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.934989+00:00","generated_at":"2026-06-02T05:50:57.760983+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Tile Shop Q1 net sales down 10.1% to $91.7M; EPS $0.04 vs $0.06","bullets":["Net sales $91.7M vs $102.0M a year ago, a decline of 10.1%; comparable store sales down 10.2%.","Net income $1.7M ($0.04 diluted EPS) compared with $2.5M ($0.06 diluted EPS) in Q1 2023.","Adjusted EBITDA fell to $7.4M (8.1% of sales) from $10.3M (10.1% of sales).","Gross margin improved 160 bps to 65.8% on lower freight and product costs.","Cash increased to $24.0M; no outstanding borrowings on $75M credit line; no long-term debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-059122","json":"https://secwatch.observer/filing/0001104659-24-059122.json","markdown":"https://secwatch.observer/filing/0001104659-24-059122.md","text":"https://secwatch.observer/filing/0001104659-24-059122.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1552800/000110465924059122/0001104659-24-059122-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1552800/000110465924059122/tm2412523d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T05:50:57.760983+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6362032e0caf8d62bae87ba8d715b58a7db06c48","claim":"TILE SHOP HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $ 91,728, net income $ 1,689, EPS $ 0.04.","evidence_excerpt":"Three Months Ended (unaudited, dollars in thousands, except per March 31, share data) 2024 2023 Net sales $ 91,728 $ 102,019 Net sales decline (1) (10.1 )% (0.4 )% Comparable store sales (decline) growth (2) (10.2 )% 0.1 % Gross margin rate 65.8 % 64.2 % Income from operations as a % of net sales 2.5 % 4.0 % Net income $ 1,689 $ 2,512 Net income per diluted share $ 0.04 $ 0.06 Adjusted EBITDA $ 7,417 $ 10,313 Adjusted EBITDA as a % of net sales 8.1 % 10.1 % Number of stores open at the end of period 142 142","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1552800/000110465924059122/0001104659-24-059122-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$ 91,728"},{"label":"Net income","value":"$ 1,689"},{"label":"EPS","value":"$ 0.04"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}