---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-115067"
form_type: "8-K"
ticker: "TTSH"
cik: "0001552800"
company_name: "TILE SHOP HOLDINGS, INC."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:32:28.819134+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tile Shop Q3 net sales down 8.3%; net income $41K vs $1.8M last year

## Summary
- Net sales $84.5M versus $92.1M a year ago; comparable store sales fell 7.9%.
- Gross margin improved to 66.5% from 64.7%; net income was $41K, diluted EPS $0.00.
- Adjusted EBITDA $5.0M, down from $8.3M; $25.1M cash, zero debt on $75M credit line.
- Closing Dayton, NJ distribution center and Beijing office; anticipates $2.8–$4.1M annualized SG&A savings.
- CEO cites industry headwinds and lower traffic; proactive steps to support professional customers.

## SEC filing metadata
- accession: 0001104659-24-115067
- form_type: 8-K
- ticker: TTSH
- cik: 0001552800
- company_name: TILE SHOP HOLDINGS, INC.
- filed_at: 2024-11-07T23:59:59+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/1552800/000110465924115067/0001104659-24-115067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552800/000110465924115067/tm2426893d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-115067
- JSON: https://secwatch.observer/filing/0001104659-24-115067.json
- Plain text: https://secwatch.observer/filing/0001104659-24-115067.txt

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