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 Factory, Inc. (NASDAQ: TLF) is a Fort Worth, Texas–based specialty retailer focused on leather and leathercraft-related products. Company news releases highlight its broad product line, which includes leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits, sold through a network of company-owned stores and online channels.
The TLF news feed features regular earnings announcements, where the company reports quarterly and annual financial results. These updates provide details on revenues, gross margins, operating income or loss, net income or loss, operating expenses, cash and cash equivalents, inventory levels, and non-GAAP measures such as Adjusted EBITDA. Management commentary in these releases discusses factors influencing performance, such as customer discretionary spending, promotional activity, tariffs, and expenses related to headquarters and store relocations.
In addition to earnings reports, Tandy Leather Factory’s news includes corporate actions and strategic decisions. Recent releases describe the sale of its corporate headquarters facilities, lease arrangements for new headquarters and distribution space in the Fort Worth area, and the declaration of a special cash dividend to stockholders. The company has also announced leadership changes, including the appointment of a new Chief Executive Officer and related Board changes.
Investors and followers of TLF stock can use this news page to review the company’s official communications about its financial results, capital allocation decisions such as special dividends and share repurchases, and developments in its store network and facilities. For those tracking the leathercraft retail space, these updates offer insight into how Tandy Leather Factory manages its operations, store footprint, and financial position over time.
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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Tandy Leather Factory (Nasdaq: TLF) reported its financial results for 2022, showing total revenues of $80.3 million, a 3% decline from 2021. The company's operating income was $1.4 million, with a net income of $1.2 million. Gross margins improved to 57.9%, despite a 1.1% drop in gross profits. Tandy repurchased over 360,000 shares for $1.8 million and ended the year with $8.0 million in cash. CEO Janet Carr indicated that ongoing economic challenges may impact sales moving forward but measures to cut costs, including the closure of 5 stores, are expected to enhance profits in 2023.
Tandy Leather Factory, Inc. (Nasdaq: TLF) reported its third-quarter financial results for 2022, ending September 30, with net sales of $19.1 million, a slight decrease from $19.3 million in 2021. The company achieved a gross profit of $11.6 million, reflecting a gross margin of 60.8%. Net income was $0.7 million or $0.09 per diluted share. The company ended the quarter with $3.1 million in cash and announced the opening of its 104th store at Fort Bragg Army Base. CEO Janet Carr indicated a challenging consumer environment due to rising costs and inflation.
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