Tandy Leather reports Q3 net loss despite year-to-date gain
Tandy Leather has reported a net loss of $1.35 million for the third quarter of 2025, widening from a loss of $132,000 in the same period last year.
The results reflect higher operating and other expenses, which offset benefits from the company’s ongoing cost control and brand initiatives.
Net sales for the quarter fell slightly compared with the prior year, according to the Texas-based leathercraft retailer. However, for the nine months ending September 30, Tandy Leather achieved a net income of $10.03 million, driven largely by a one-time gain from the sale of its corporate headquarters.
The company, which operates a network of retail stores supplying leather, tools and related materials, said it will continue to build on its established retail and brand presence as it seeks to manage current market pressures and pursue sustainable growth in future quarters.
