US-based retailer Tandy Leather Factory has reported first quarter sales of $20.4 million in 2023 down from $20.5 million in 2022, and down on their 2021 figure of $21.4 million. 

The company generated a gross profit of $11.8 million, again slightly down on the $11.9 million the previous year. Increases were seen in the company’s cash and cash equivalents, rising from $8.0 million at year end 2022 to $8.6 million as at March 31, 2023.

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