Tandy Leather Factory, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2020
January 11, 2021 at 04:30 pm EST
Share
Tandy Leather Factory, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2020. For the quarter, the company's sales are expected to range between $21.0 million and $21.5 million, an increase ranging from 2.6% to 5.0% compared to prior year’s $20.5 million
For the full year, preliminary sales are expected from $63.1 million to $63.6 million as compared to $74.8 million in 2019.
Tandy Leather Factory, Inc. is a specialty retailer of leather and leathercraft-related items. The Company's product line includes leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company also offers production services to its business customers such as cutting (clicking) and splitting and some assembly. It distributes product under the Tandy Leather, Eco-Flo, Craftool, CraftoolPro and Dr. Jackson's brands, along with its premium TandyPro line of products. It operates a production facility in Fort Worth, Texas. The Company sells its products through Company-owned stores and through orders generated from its global websites, and through direct account representatives in its commercial division. The Company distributes its products through its approximately 101 North American stores located in 40 states in the United States and six Canadian provinces, and one store located in Spain.
TANDY LEATHER FACTORY, INC. 
