Tandy Leather Factory, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:16 pm EDT
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Tandy Leather Factory, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 17.48 million compared to USD 18.41 million a year ago. Net income was USD 0.531 million compared to net loss of USD 0.589 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to diluted loss per share from continuing operations of USD 0.07 a year ago.
For the six months, sales was USD 37.84 million compared to USD 38.91 million a year ago. Net income was USD 1.2 million compared to USD 0.056 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.01 a year ago.
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. 
