"But at the end of the day, we expected better sales results and didn't get them. While I don't believe this trend will continue, our revenue is $500,000 below internal expectations for the first two months of the year. Therefore, I think it is prudent to adjust our 2007 guidance downward slightly."
Financial Outlook:
The following statements are based on TLF's current expectations as of March 1, 2007. These statements are forward-looking statements and should be read in conjunction with the cautionary information about these statements that appears below.
The Company plans to open a total of 12 Tandy Leather retail stores in 2007 and estimates consolidated net sales for 2007 will be in the range of $59 to $61 million. Diluted EPS for 2007 is expected to be in the range of $0.53 to $0.56. Average diluted shares outstanding in 2007 are estimated to be approximately 11 million shares. The Company assumes an effective tax rate for the year between 35% and 36%.
Tandy Leather Factory Inc
marketing@alchempro.com
