Welcome to our dedicated page for Tandy Leather news (Ticker: TLF), a resource for investors and traders seeking the latest updates and insights on Tandy Leather stock.
Tandy Leather (TLF), a specialty retailer serving leathercrafters since 1919, maintains this centralized hub for corporate announcements and industry developments. Investors and enthusiasts will find authoritative updates spanning financial results, product innovations, and strategic initiatives.
Our curated collection features earnings reports, leadership changes, store expansions, and educational program launches. Regular updates include wholesale partnership announcements, craft industry trends, and operational milestones relevant to TLF's global network of stores and online platforms.
Key resources include filings with financial regulators, executive commentary on market positioning, and details about leathercraft workshops. Users can monitor inventory system upgrades, sustainability initiatives, and international market entries through verified primary sources.
Bookmark this page for structured access to TLF's evolving narrative within the craft retail sector. Combine periodic checks with SEC filings and official investor materials for comprehensive analysis of the company's performance.
Tandy Leather Factory (Nasdaq: TLF) reported declining financial results for Q4 and full year 2024. Annual revenue decreased 2.4% to $74.4 million, while net income dropped significantly to $0.8 million from $3.8 million in 2023. Gross margins declined to 56.2% from 59.2%, and operating expenses increased 1.0% to $41.2 million.
Q4 2024 sales were $20.5 million, down from $20.8 million, with quarterly earnings per share of $0.04 compared to $0.23 in the prior year. The company maintained strong liquidity with $13.3 million in cash, up from $12.2 million, and reduced inventory to $35.6 million.
Management announced the recent sale of their corporate headquarters and a $1.50 per share dividend payment. However, they warned that 2025 profitability will be negatively impacted by headquarters relocation costs, with expectations for business recovery in 2026.
Tandy Leather Factory (Nasdaq: TLF) has announced a special cash dividend of $1.50 per share of common stock. The dividend will be paid on February 18, 2025, with an ex-dividend date of February 19, 2025. The ex-dividend date was set according to Nasdaq UPC Rule 11140, as the dividend amount exceeds 25% of the company's current stock price.
The company operates as a specialty retailer of leather and related products, with 99 North American stores across 40 US states and six Canadian provinces, plus one store in Spain. Two stores are temporarily closed for relocation. Their product line includes leatherworking tools, buckles, leather dyes, saddle hardware, and DIY kits.
Tandy Leather Factory (Nasdaq: TLF) has announced the completion of its corporate headquarters sale to Colonna Brothers, Inc. The company will lease its current space until September 2025 while seeking a new location for its Fort Worth flagship store. TLF has secured a new ten-year lease at Chisolm 20 Commerce Park in Benbrook Texas for approximately 134,000 square feet, with monthly rent of $111,000 starting July 2025.
The Board of Directors declared a special cash dividend of $1.50 per share, payable on February 18, 2025, to stockholders of record as of February 3. The company operates 99 North American stores across 40 US states and six Canadian provinces, plus one store in Spain. Director Eric Speron will step down from the Board on January 31, 2025.
Tandy Leather Factory (Nasdaq: TLF) has appointed Johan Hedberg as its new Chief Executive Officer and Board member, effective January 6, 2025. Hedberg, bringing over 30 years of wholesale and retail leadership experience, succeeds Janet Carr, who will assist with transition through March 2025.
Hedberg joins from Fiskars Group, where he served as Chief Sales Officer and President, Americas. The company also announced board changes, with John (Rocky) Sullivan joining as director while James Pappas and Janet Carr step down.
The transition comes as the company prepares to sell its Fort Worth property and relocate its headquarters. Under Carr's six-year leadership, TLF improved product quality and expanded customer base despite economic challenges. The company currently operates 99 North American stores across 40 US states and six Canadian provinces, plus one store in Spain.
Tandy Leather Factory (Nasdaq: TLF) has signed a Purchase and Sale Agreement to sell its corporate headquarters facilities in Fort Worth, Texas, including its primary distribution center and flagship retail store, to Colonna Brothers for $26.5 million. The transaction is expected to close in January 2025.
The company will lease back the current spaces until approximately September 2025 while preparing to relocate to new facilities in the Fort Worth area. Management plans to distribute a portion of the net proceeds as a dividend to stockholders after accounting for taxes, sale expenses, and relocation costs.
Tandy Leather Factory operates 99 North American stores across 40 US states and six Canadian provinces, plus one store in Spain, specializing in leather products, tools, and accessories.
Tandy Leather Factory (Nasdaq: TLF) reported Q3 2024 financial results showing declining performance. Revenue decreased 1.1% to $17.4 million, with the company recording a net loss of $0.1 million compared to net income of $0.6 million in 2023. Gross margins fell to 57.8% from 62.4%, while operating expenses increased 2.3% to $10.3 million. The company reported a basic and diluted loss of ($0.02) per share versus $0.08 income last year. Cash position improved to $10.1 million from $8.6 million year-over-year, with inventory at $38.1 million.
Tandy Leather Factory (Nasdaq: TLF) reported its Q2 2024 financial results. Key highlights include:
- Revenues of $17.3 million, down 1.1% from 2023
- Operating income of $63,000
- Net income of $0.1 million, down from $0.5 million in 2023
- Gross margins of 58.0%, down from 62.5% in 2023
- Operating expenses of $10.0 million, down 1.7% from 2023
- Adjusted EBITDA of $0.8 million
- Cash and cash equivalents of $11.5 million
The company attributed the sales decline to lower discretionary income and sluggish consumer spending. Despite challenges, Tandy Leather Factory managed to reduce operating expenses and maintain a strong cash position.
Tandy Leather Factory, Inc. reported financial results for the first fiscal quarter of 2024. Revenues were $19.3 million, down 5.3% from 2023, with operating income of $0.7 million and net income of $0.5 million. Gross margins were 56.7%, down from 58.1% in 2023. Adjusted EBITDA was $1.1 million. The company ended the quarter with $12.3 million in cash and cash equivalents. Despite sales and gross margin challenges, the company remains focused on improving retail store performance and overall quality.
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