Tandy Leather Factory’s third quarter sales up 6.6%
Wray Thompson, chairman and CEO, commented: “There are some bright spots in the quarter, even though our sales were not as strong as we would have liked. Our operating income for the quarter increased by 40% on a sales gain of 7%, and for the year, operating income is up 32% on a sales gain of 10%. As a result, we are tightening up our 2006 guidance to the high end of our original estimates, expecting to end the year with revenues of $55 to 56 million and 43 to 44 cents in fully-diluted earnings per share.”