Tandy hopes relocation will drive return to profitability
US retailer Tandy Leather Factory has reported mixed results for 2025, highlighting both revenue growth and challenges with operating expenses.
It achieved revenues of $76.3 million, a 2.6% increase on the year before. It closed the year with a cash balance of $16.1 million, up from $13.3 million a year earlier. This increase in cash was largely due to the proceeds from the company’s headquarters earlier in the year.
Johan Hedberg, CEO of Tandy Leather, said: "We were pleased to return to sales growth for both the fourth quarter and the full year. Gross margin improvements in both periods were driven by strategic pricing and effective sourcing strategies. While operating expenses increased due to our HQ sale and employee bonuses, we believe we are now well-positioned to focus on growth and profitability in 2026."
Tandy is a specialty retailer of leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware. It operates 101 stores.
