Overview

* Tandy Leather Q3 revenue down 0.5% yr/yr, net loss widens significantly

* Gross margins improved to 58.9% from 57.8% in 2024

* Company completed HQ move, impacting online sales but retail sales grew

Outlook

* Tandy Leather Factory ( TLF ) anticipates a "solid" fourth quarter in retail and online channels

* Company completed headquarters move, expects improved operations

Result Drivers

* HQ MOVE IMPACT - Relocation of headquarters and distribution center disrupted online sales, but retail sales grew

* GROSS MARGIN IMPROVEMENT - Gross margins increased to 58.9% from 57.8% in 2024

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $17.3

Revenue mln

Q3 Net -$1.4

Income mln

Q3 Gross $10.2

Profit mln

Q3 -$700,00

Operatin 0

g Income

Press Release:

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(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.)