secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059122
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tile Shop Q1 net sales down 10.1% to $91.7M; EPS $0.04 vs $0.06
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465924059122/0001104659-24-059122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465924059122/tm2412523d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059122

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