Tandy Leather Factory, Inc. Provides Revenue Guidance for the Second Quarter of 2021
July 22, 2021 at 02:00 am IST
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Tandy Leather Factory, Inc. reported certain preliminary financial information for its second quarter ended June 30, 2021. The company's sales are expected for the second quarter of 2021 are expected to range between $18.5 million and $18.8 million, an increase of about 100% compared to the second quarter of 2020, when nearly all of the Company’s retail stores were closed due to COVID-19. Total sales for the second quarter 2021 were up about 8% compared to the second quarter of 2019, despite operating 11 fewer stores.
Tandy Leather Factory, Inc. is a specialty retailer of leather and leathercraft-related items. The Company's product line includes leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company also offers production services to its business customers such as cutting (clicking) and splitting and some assembly. It distributes product under the Tandy Leather, Eco-Flo, Craftool, CraftoolPro and Dr. Jackson's brands, along with its premium TandyPro line of products. It operates a production facility in Fort Worth, Texas. The Company sells its products through Company-owned stores and through orders generated from its global websites, and through direct account representatives in its commercial division. The Company distributes its products through its approximately 101 North American stores located in 40 states in the United States and six Canadian provinces, and one store located in Spain.
TANDY LEATHER FACTORY, INC. 
