US retailer and wholesale distributor of leather, leatherworking tools, leather dyes and finishes, and saddle and tack hardware Tandy Leather Factory, Inc. has reported strong results for the year and fourth quarter ended December 31, 2005. Consolidated net income for the quarter was $1.2 million compared with $739,000 for the fourth quarter of 2004. Total sales for the quarter ended December 31, 2005 increased 13.1% to $14 million from $12.4 million for the same period in the prior year.

Consolidated sales for the year were $50.7 million, an increase of 9.9% over total sales of $46.1 million for 2004. Consolidated net income for 2005 was $3.7 million versus $2.6 million.

Sales in the Retail Leathercraft division for the fourth quarter of 2005 increased $1.1 million over the previous year's fourth quarter, representing a 26% improvement.

Fourth quarter sales for the Wholesale Leathercraft division increased $514,000 over the same quarter of 2004, a 6.7% improvement. The wholesale centres' sales increased $416,000, or 6.3%, and national account sales were up $97,000, or 9.5%. For the year, Wholesale Leathercraft's sales were up $414,000, or 1.4%. Sales in the wholesale centres increased $877,000, or 3.5%, while sales to national accounts were down $463,000, or 8.7%, for the year.