TANDY LEATHER FACTORY INC
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This article reports that Tandy Leather's stock saw a 3% decline following the announcement of a year-over-year plunge in its Q1 earnings. The content is very brief, indicating only the stock movement and the reason for it.
Tandy Leather Factory reported increased Q1 2026 sales of $19.7 million and gross profit of $12.0 million, driven by improved margins. Net income per share, however, fell to $0.03 due to comparison with a prior-year quarter that included a one-time headquarters sale. While core operations showed growth, the company's cash and cash equivalents decreased to $10.1 million, primarily attributed to a special dividend payment, tax obligations from the 2025 headquarters sale, and relocation expenses.
Tandy Leather Factory reported its Q1 revenue reached USD 19.7 million. This brief update was sourced from Reuters and published by TradingView News.
