Tandy Leather Factory

Tandy Leather Factory, Inc. engages in the distribution of leather and related products. It offers leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The company was founded by J. Wray Thompson, Sr. and Ronald C. Morgan in 1919 and is headquartered in Fort Worth, TX.

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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FORT WORTH, Texas, April 19, 2024 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the appointment of Diana Saadeh-Jajeh to the Company's Board of Directors. In connection with Ms. Saadeh-Jajeh's appointment, the Company's Board is expanding from seven to eight members.

Tandy Leather Factory Appoints Diana Saadeh-Jajeh to its Board of Directors

Tandy Leather Factory, Inc. (TLF) Q4 2023 Earnings Call Transcript

TLF is an intrinsically and relatively cheap investment based on consistent profitable FCF and growing margins. Deep value-based and long-term owners provide a margin of safety and offer constructive activism. For the year ending 2023, Tandy shows continued profit and cash growth in a difficult retail environment with high inflation.

Tandy Leather Factory: Intrinsic Value Discount

FORT WORTH, Texas, March 22, 2024 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company's financial results for the fourth fiscal quarter and full year 2023.

Tandy Leather Factory Reports Fourth Quarter and Full Year 2023 Results

FORT WORTH, TEXAS, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company's financial results for the third fiscal quarter 2023, ended September 30, 2023.

Tandy Leather Factory Reports Third Quarter 2023 Results

FORT WORTH, Texas, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company's financial results for the second fiscal quarter 2023, ended June 30, 2023.

Tandy Leather Factory Reports Second Quarter 2023 Results

FORT WORTH, Texas, May 16, 2023 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company's financial results for the first fiscal quarter 2023, ended March 31, 2023.

Tandy Leather Factory Reports First Quarter 2023 Results

FORT WORTH, Texas, April 03, 2023 (GLOBE NEWSWIRE) -- On March 31, 2023, Tandy Leather Factory, Inc. (Nasdaq: TLF) announced the Company's financial results for the fourth quarter and full year 2022.

Tandy Leather Factory Reports Fourth Quarter and Full Year 2022 Results

Tandy Leather Factory, Inc. (NASDAQ:TLF ) Q3 2022 Earnings Conference Call November 15, 2022 10:00 AM ET Company Participants Dan Ross - General Counsel and Corporate Secretary Janet Carr - Chief Executive Officer Conference Call Participants Operator Good morning, everyone, and thank you for joining us for a discussion of Tandy's Q3 Financial Results. I'm Dan Ross, General Counsel and Corporate Secretary for Tandy, and I will be moderating the discussion today.

Tandy Leather Factory, Inc. (TLF) Q3 2022 Earnings Call Transcript

FORT WORTH, Texas, Nov. 14, 2022 (GLOBE NEWSWIRE) --  Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company's financial results for the third quarter, ended September 30, 2022.

Tandy Leather Factory Reports Third Quarter 2022 Results and Opening of a New Store at Fort Bragg Army Base

FORT WORTH, Texas, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Pink: TLFA) today reported certain financial result information for its fourth quarter and full year ended December 31, 2020. Sales for the fourth quarter of 2020 are expected to range between $21.0 million and $21.5 million, an increase ranging from 2.6% to 5.0% compared to prior year's $20.5 million, resulting in full year preliminary sales ranging from $63.1 million to $63.6 million as compared to $74.8 million in 2019. As of December 31, 2020, the Company had $0.4 million of debt and $9.9 million of cash and cash equivalents.

Tandy Leather Factory Reports Certain Fourth Quarter and Full Year Operating Results and Related Information; Michael Galvan joins as CFO

Tandy Leather is an absolute, historical, and relatively cheap valuation anomaly. The liquidation value of existing tangible assets is enough evidence to invest.

Tandy Leather's Delisting Creates An Extreme Value Opportunity

FORT WORTH, Texas, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Pink: TLFA) today reported certain financial result information for its third fiscal quarter, ended September 30, 2020. Sales are still preliminary but were approximately $15.8 million, a decrease of 3.1% compared to prior year's $16.3 million. As of September 30, 2020, the Company had $0.4 million of debt and $10.1 million of cash and cash equivalents.

Tandy Leather Factory Reports Certain 3rd Quarter Operating Results and Related Information

FORT WORTH, Texas, Aug.  10, 2020  (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (the “Company”) announced today preliminary figures for 2020 year-to-date sales and operating expenses.  Year-to-date sales through July 2020 were $31 million, down 27% from the same period in 2019.  The decline was largely due to the impact of the COVID-19 pandemic, which required the Company to temporarily close all of its retail stores in March 2020; stores have been gradually reopening since late May 2020.  Total sales for July 2020 were $5.1 million, down 5% from the same period last year.  Cost savings initiatives, together with reductions in employment costs from furloughed employees as a result of COVID-19 that we discussed in our June Annual Meeting and press release, are estimated to save $2-3 million in operating expenses through July.  Impairment charges recognized in the first quarter of 2020 are expected to be $2.5 million, primarily related to operating lease assets.  Cash and short-term securities at the end of July were $11.5 million.

Tandy Leather Announces Preliminary Year-to-Date Sales and Operating Expenses; Financial Restatement Continuing and Expected to Result in De-Listing from Nasdaq; Board approves a new Share Repurchase Plan

FORT WORTH, Texas, June  15, 2020  (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (the “Company”) announced that Steve Swank is joining the Company as its Chief Financial Officer, effective July 6, 2020.  Mr. Swank joins Tandy Leather from Sears Hometown Stores, Inc., where he was the Vice President, CFO and Treasurer.  Michael Galvan, the Company’s Interim CFO, will remain with Tandy through the completion of the restatement and in a consulting role.

Tandy Leather Appoints New Chief Financial Officer

FORT WORTH, Texas, May  27, 2020  (GLOBE NEWSWIRE) -- On May 19, 2020, Tandy Leather Factory, Inc. (the “Company,” NASDAQ: TLF) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the three months ended March 31, 2020, the Company is not in compliance with the continued listing requirements of Nasdaq Listing Rule 5250(c)(1).  As previously disclosed, Nasdaq Listing Rule 5250(c)(1), in pertinent part, requires the Company to timely file all required periodic reports with the Securities and Exchange Commission.  The Company previously reported the receipt of prior notices of delinquency from Nasdaq, which related to the Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended June 30 and September 30, 2019 and the Annual Report on Form 10-K for the year ended December 31, 2019.

Tandy Leather Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

FORT WORTH, Texas, April  07, 2020  (GLOBE NEWSWIRE) -- On April 3, 2020, Tandy Leather Factory, Inc. (the “Company,” NASDAQ: TLF) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that because the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2019, the Company is not in compliance with the continued listing requirements of Nasdaq Listing Rule 5250(c)(1).  As previously disclosed, Nasdaq Listing Rule 5250(c)(1), in pertinent part, requires the Company to timely file all required periodic reports with the Securities and Exchange Commission.  The Company previously reported (in Current Reports on Form 8-K filed on August 23, and November 25, 2019) the receipt of two prior notices of delinquency from Nasdaq, which related to the Company’s Quarterly Reports on Form 10-Q for the three- and six-months ended June 30, 2019 and the three- and nine-months ended September 30, 2019.

Tandy Leather Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K

FORT WORTH, Texas, Oct.  18, 2019  (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc., (NASDAQ: TLF) the world’s largest specialty retailer of leather and leathercraft related items, announced today that its previously issued financial statements included in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q should no longer be relied upon, as a result of misstatements primarily relating to the Company’s methods of valuation and expensing of costs of inventory and related issues, which were first identified by management as a result of a deeper analysis of legacy systems and practices that have been in place for many years.  The Company is continuing its analysis and quantification of these issues and is now in the process of addressing them by replacing these systems and making improvements to its accounting practices.  Detailed information on the nature of the issues and the preliminary estimated magnitude of the financial statement impacts, as well as the Company’s ongoing analysis and remediation efforts, can be found in a Current Report on Form 8-K filed with the SEC today.   The Company expects to restate the financial statements noted above as soon as practicable and expects that it will not be able to file its Quarterly Reports on Form 10-Q for the quarters and year-to-date periods ended June 30, 2019 and September 30, 2019 until after the conclusion of its restatement process.

Tandy Leather Factory Announces Non-Reliance on Prior Financial Statements

FORT WORTH, Texas, Aug.  23, 2019  (GLOBE NEWSWIRE) -- On August 21, 2019, Tandy Leather Factory, Inc. (the "Company," NASDAQ: TLF) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the three- and six-months ended June 30, 2019 (the “Form 10-Q”), the Company is not in compliance with the continued listing requirements of Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1), in pertinent part, requires the Company to timely file all required periodic reports with the Securities and Exchange Commission. The Company previously reported that it anticipated a delay in filing the Form 10-Q, as disclosed in the Company’s Current Report on Form 8-K filed on August 14, 2019.

Tandy Leather  Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Why Tandy Leather is inexpensive with a large margin of safety

Tandy Leather Factory Is an Amazon-Resistant Retailer

Tandy is the sole retail national brand in their highly fragmented industry.

Tandy Leather Factory: Buffett Would Buy This Specialty Retailer

Tandy Leather Factory, Inc. (TLF) CEO Janet Carr on Q1 2019 Results - Earnings Call Transcript

News for Tandy Leather Factory Stock (TLF)