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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tandy Leather Factory Inc | NASDAQ:TLF | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.03 | 0.64% | 4.75 | 4.12 | 4.96 | 4.93 | 4.72 | 4.80 | 7,850 | 21:30:00 |
Shannon Greene, CEO, commented, “We were pleased to deliver a strong finish to the year, with our sales improvement the result of new merchandising efforts, targeted holiday promotions – particularly Black Friday and Super Saturday, as well as the expanded December shopping hours in our US stores. By customer group, however, the trends we’ve seen all year continued as our retail customers accounted for a 7% sales increase, while our sales to our non-retail customers were down 5%. While we don’t like the negative trend with our non-retail customers, the decrease in the fourth quarter was less than the 9% that we had experienced through the first nine-months of 2017. If there is a silver lining, it is that the shift in customer mix to more retail and less non-retail supports our gross profit margin. I look forward to sharing more of our 2017 results and our long-term outlook and strategic plans in early March.”
Tandy Leather Factory, Inc., (http://www.tandyleather.com), headquartered in Fort Worth, Texas, is a specialty retailer of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 115 North American stores located in 42 US states and 7 Canadian provinces, and four International stores located in the United Kingdom, Australia, and Spain. Its common stock trades on the Nasdaq with the symbol "TLF". To be included on Tandy Leather Factory’s email distribution list, go to http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.
Contact: | Tina Castillo, Tandy Leather Factory, Inc. | (817) 872-3200 or tcastillo@tandyleather.com |
Mark Gilbert, Magellan Fin, LLC | (317) 867-2839 or MGilbert@MagellanFin.com |
This news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and uncertainties include but are not limited to: changes in general economic conditions, negative trends in general consumer-spending levels, failure to realize the anticipated benefits of opening retail stores; availability of hides and leathers and resultant price fluctuations; change in customer preferences for our product, and other factors disclosed in our filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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1 Month Tandy Leather Factory Chart |
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