Tandy Leather Factory Reports Q4 and FY 2018 Financial Results
Tandy Leather Factory, Inc. - common stock (TLF)
US:NASDAQ Investor Relations:
ir.tandyleather.com
Company Research
Source: GlobeNewswire
FORT WORTH, Texas, March 06, 2019 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (NASDAQ: TLF) today reported financial results for the fourth quarter and year ended December 31, 2018. A conference call will be conducted by senior management at 10:00 am Eastern Time on March 7, 2019. Dial-in details are referenced below. Total sales for the fourth quarter of 2018 were $24.7 million, up 1.0% over fourth quarter 2017. North America reported comparable store sales increase of 0.7%, while new stores added $0.3 million of sales. International reported comparable store sales decline of 1.3%.Q4’18 gross profit margin decreased to 57.4% (after adjusting for a $1.4 million write down for damaged and slow-moving items) compared to prior year’s 62.4%.Q4’18 operating loss was approximately $237,000 due to higher costs associated with its recent change in management, exit costs associated with store closures, and impairment charges for underperforming stores. At December 31, 2018, cash tota
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TLF
Sec Filings
- 4/19/24 - Form 8-K
- 3/29/24 - Form 8-K
- 3/22/24 - Form 8-K
- TLF's page on the SEC website