Tandy Leather Factory will host a conference call at 10:00 am Eastern, on July 6, 2007. A conference call replay will be available at 5:00 p.m. Eastern Time on July 6, 2007 through 12:00 a.m. Eastern Time July 20, 2007.
Tandy Leather Factory Inc reported that sales for the month of June were $4.5 million, equal to that of June 2006. Year to date sales are up 1% to $28.0 million in the current year from $27.8 million last year.
Retail Leathercraft posted a 17% sales increase for June, with sales totaling $2.1 million compared to $1.8 million in June 2006. The 58 comparable stores posted a 9% same store sales gain for the month. The 10 stores opened in or after June 2006 added sales for the month of $183,000.
Year-to-date sales for Retail Leathercraft are $12.2 million this year, a 14% increase over sales of $10.7 million for the same period of 2006. As of the end of June, the same store sales gain for the 52 comparable stores is 2% for the year.
Wholesale Leathercraft posted sales of $2.4 million for June, down 6% from June 2006 sales of $2.5 million. Within the Wholesale Leathercraft division, the wholesale stores' same store sales were down 3% for the month while the National Account group posted a June sales decline of 36%.
Mid-Continent Leather Sales, a new store acquired on February 1, added sales of $55,000 for the month. For the year to date, Wholesale Leathercraft sales are $15.1 million compared to $15.8 million in 2006, a loss of 4%. The comparable wholesale stores posted a 6% sales decline for the year and National Accounts reported an 11% sales decline. Mid-Continent's year-to-date sales were $391,000.
marketing@alchempro.com
