Tandy Leather Q3 revenue falls, net loss widens

Reuters11-11

Tandy Leather Q3 revenue falls, net loss widens

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 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/Miss	Actual	Consensus Estimate
Q3 Revenue		$17.3 mln
Q3 Net Income		-$1.4 mln
Q3 Gross Profit		$10.2 mln
Q3 Operating Income		-$700,000

Press Release: ID:nGNX45C8wQ

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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