Wray Thompson, Chairman and CEO, said, "Overall, we are pleased with the quarter. Same store sales in our Retail Leathercraft segment were up 8% and 9% for the quarter and the year, respectively. In our Wholesale Leathercraft segment, both the wholesale centers and the National Account group reported sales gains of 1-5% for the quarter and the year. We continue to achieve our goal of greater operating efficiency as our consolidated operating margins improved by 28% and 29% for the quarter and the year, respectively, on sales gains of 10% and 11%."
Tandy Leather Factory Inc, headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits.
Tandy Leather Factory Inc
marketing@alchempro.com
