From GlobeNewswire: 2025-05-12 16:30:00

Tandy Leather Factory, Inc. reported first quarter 2025 financial results with revenues at $19.0 million, a 1.2% decrease from 2024. Operating income was $0.3 million, down from $0.7 million in 2024. Gross margins were 56.3%, with $23.6 million in cash and cash equivalents at the end of the quarter.

Despite a slight decrease in sales from 2024, Tandy Leather Factory’s first quarter 2025 gross profit was $10.7 million. The company had $23.6 million in cash and cash equivalents, up from $12.3 million in 2024. Inventory was at $34.4 million, down from $35.6 million in 2024.

CEO Johan Hedberg noted a substantial dividend payout to stockholders from the sale of the corporate headquarters. The move to a new headquarters in Q3 2025 is expected to increase costs and may lead to operating losses for the full year. Tariffs may impact sales and profits due to imported products.

Investors can direct questions to Tandy Leather Factory’s investor relations hotline at [email protected]. Adjusted EBITDA is a non-GAAP measure used by the company to compare operating performance. Net income for the quarter ended March 31, 2025, was $12.7 million with adjusted EBITDA of $0.6 million.

Tandy Leather Factory, Inc. is a specialty retailer based in Fort Worth, Texas, with stores in North America and Spain. The company offers a wide range of leather products and DIY kits. Stock trades on Nasdaq under “TLF”. For more information, visit http://www.tandyleather.com.



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