From GlobeNewswire: 2025-02-26 17:39:00

Tandy Leather Factory, Inc. reported financial results for Q4 and full year 2024. In 2024, revenues were $74.4 million, operating income was $0.6 million, and net income was $0.8 million, down from $3.8 million in 2023. Gross margins were 56.2%, and the company ended the year with $13.3 million in cash.

In Q4 2024, sales were $20.5 million, down from $20.8 million in 2023. Gross profit was $10.8 million, and the company had $13.3 million in cash and cash equivalents. Full-year 2024 sales were $74.4 million, down from $76.2 million in 2023, with net income of $0.8 million.

CEO Johan Hedberg acknowledged challenges in 2024 due to weaker retail sales and increased operating expenses. The company aims to improve sales in 2025 while managing costs related to moving headquarters. The company returned value to shareholders and plans for increased sales and profits in 2026. Investors can send questions to [email protected].

Tandy Leather Factory, Inc. is a specialty retailer based in Fort Worth, Texas, with 99 North American stores. The company’s stock trades on Nasdaq under the symbol “TLF.” Forward-looking statements in the news release caution about risks and uncertainties affecting future performance and results. Changes in economic conditions, consumer spending, and other factors may impact outcomes.



Read more at GlobeNewswire:: Tandy Leather Factory Reports Fourth Quarter and Full Year