{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-045884","form_type":"8-K","ticker":"TTSH","cik":"0001552800","company_name":"TILE SHOP HOLDINGS, INC.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.737328+00:00","generated_at":"2026-05-22T04:16:38.227268+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Tile Shop Q1 net income plunges 90% to $0.2M; revenue down 4.1%","bullets":["Net sales of $88.0M down 4.1% YoY; comparable store sales down 4.0% on lower traffic.","Net income of $172K ($0.00 diluted EPS) vs $1.7M ($0.04) a year ago; adjusted EBITDA $4.6M (5.2% of sales) vs $7.4M (8.1%).","Gross margin improved 20 bps to 66.0% on lower inventory write-offs, partly offset by higher delivery costs.","Ended quarter with $27.1M cash and no debt on $75M credit line; cash up from $21.0M at Dec 2024.","CEO cites U.S. tariff changes as cost pressure; evaluating sourcing adjustments and pricing strategies."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-045884","json":"https://secwatch.observer/filing/0001104659-25-045884.json","markdown":"https://secwatch.observer/filing/0001104659-25-045884.md","text":"https://secwatch.observer/filing/0001104659-25-045884.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1552800/000110465925045884/0001104659-25-045884-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1552800/000110465925045884/tm2514327d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T04:16:38.227268+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}