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Stock impact report

Tandy Leather Factory Reports 3rd Quarter Financial Results

Tandy Leather Factory, Inc. - common stock (TLF) 
US:NASDAQ Investor Relations: ir.tandyleather.com
Company Research Source: GlobeNewswire
Withdraws prior guidance as new leadership provides fresh view of the business FORT WORTH, Texas, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (NASDAQ: TLF) today reported financial results for the third quarter of 2018: Q3’18 net sales increased 2.7% to $18.9 million, compared to prior year’s $18.4 million.  North America reported SSS increase of 2.8% while International reported SSS decline of 13.1%.  New stores added $0.1 million of sales. Q3’18 operating income was $0.3 million compared to prior year’s $0.6 million, or a decrease of $0.3 million.   Gross profit increased $0.2 million, while operating expenses increased $0.5 million. “The improvement to our top line reflects a continued shift in sales to our retail customer base and an overall positive reception to the launch of our new product category of small machines,” said Tina Castillo, Chief Financial Officer.  “During the third quarter, our teams made progress by opening two new stores in North America Show less Read more
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