Tandy Leather Factory reports 11% increase in sales in Q3
Specialty retailer and wholesale distributor of product lines including leather, leatherworking tools, and leather dyes and finishes Tandy Leather Factory, Inc. has reported positive financial results for the third quarter of 2005, ended September 30. Consolidated net income for the quarter was $696,000 compared with consolidated net income of $427,000 for the third quarter of 2004. Total sales for the quarter increased 11.3% to $11.8 million from $10.6 million for the same quarter last year.
Consolidated sales for the nine months ended September 30, 2005 were $36.7 million, an increase of 8.7% over $33.7 million, total sales for the first nine months of 2004. Consolidated net income for the first nine months was $2.5 million versus $1.9 million in the comparable period last year.