secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001104659-24-087011
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tile Shop Q2 net sales down 7.3% to $91.4M; net income falls to $1.2M
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- Net sales of $91.4M, down 7.3% YoY; comparable store sales declined 6.9%.
- Net income $1.2M ($0.03 diluted EPS) vs. $5.1M ($0.12) in Q2 2023.
- Adjusted EBITDA $6.7M (7.4% margin), down from $13.6M (13.8%) a year ago.
- Gross margin improved 180 bps to 66.0%, aided by lower product costs.
- No borrowings on $75M credit line; cash and equivalents $25.3M at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465924087011/0001104659-24-087011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465924087011/tm2420049d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087011

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