Overview

* Tandy Leather Q2 revenue rose 2.8% yr/yr to $17.8 mln

* Company reported a net loss of $0.2 mln versus net income last year

* Gross margin improved to 59.5%, despite increased operating expenses

Outlook

* Company expects operating losses for full year 2025 due to leasing costs

* Tandy Leather Factory ( TLF ) anticipates tariffs may impact future sales and profits

* Company aims to continue sales momentum into third quarter

Result Drivers

* SALES PRODUCTIVITY - Increased sales productivity in U.S. retail stores drove revenue growth, per CEO Johan Hedberg

* LEASING COSTS - Operating expenses rose due to leasing headquarters and distribution centers, impacting net income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $17.80

Revenue mln

Q2 Net -$200,00

Income 0

Q2 Gross $10.60

Profit mln

Q2 $100,000

Operatin

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)