secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001104659-25-045884
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tile Shop Q1 net income plunges 90% to $0.2M; revenue down 4.1%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465925045884/0001104659-25-045884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465925045884/tm2514327d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-045884

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