This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Tandy Brands Posts Narrower Loss In 4th Quarter

ARLINGTON, Texas (AP) ¿ Tandy Brands Accessories Inc. said Thursday it trimmed its loss in the fiscal fourth quarter as the company was better able to control expenses.

For the fiscal quarter ending June 30, the maker of accessories such as belts and wallets reported a loss of $2.5 million, or 36 cents per share, compared with a loss of $4.7 million, or 67 cents per share, for comparable quarter a year ago.

Revenue fell 12 percent to $26.4 million from $30.1 million in the fiscal 2008 quarter.

Tandy said its corporate reorganization implemented in January and new management team have had a "positive effect" on the company's performance, despite the trend of retailers limiting the number of suppliers they rely on during the recession.

Cost of goods sold fell 20 percent to $16.2 million, while total operating expenses were down 2 percent.

For the 2009 fiscal year, Tandy reported a loss of $15.1 million, or $2.18 per share, compared with a loss of $49.3 million for the fiscal year 2008 year. Revenue fell 14 percent to $129 million from $149.3 million.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
TBAC $0.00 0.00%
AAPL $123.94 -0.39%
FB $81.32 -1.10%
GOOG $541.04 -1.30%
TSLA $186.92 -0.98%

Markets

DOW 17,672.40 -103.72 -0.58%
S&P 500 2,056.08 -11.81 -0.57%
NASDAQ 4,864.28 -36.6050 -0.75%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs