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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tandy Leather Factory Reports December Sales Up 5% Over December 2011

FORT WORTH, Texas, Jan. 3, 2013 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of December were $7.6 million, up 5% compared to December 2011 sales of $7.2 million. 2012 sales are up 10% to $72.7 million in the current year from $66.4 million last year.

Retail Leathercraft's sales rose 9% to $4.8 million compared to December 2011 sales of $4.4 million. The 77 stores comparable stores reported a same store sales increase of 8% over the same period last year, while the one new store opened in November added sales of $42,000. 2012 sales for Retail Leathercraft are $42.6 million this year, a 13% increase over sales of $37.5 million for 2011. For 2012, the 76 comparable stores' sales were up 13% compared to sales reported for 2011.

Wholesale Leathercraft posted sales of $2.5 million for December, down 6% compared to December 2011 sales of $2.7 million. Within the Wholesale Leathercraft division, the wholesale same store sales were up 5% for the month while the National Account group's sales were down 77% from December 2011. For the year, Wholesale Leathercraft sales are $26.9 million compared to $26.7 million for 2011, up 1%. The wholesale same store sales were up 6% for 2012 compared to 2011 and the National Account group's sales are down 44%.

International Leathercraft reported December sales of $306,000, up 65% compared to December 2011 sales of $186,000. December same store sales, consisting of the UK and Australia stores, were up 37% compared to December 2011, while the new Spain store, opened in January 2012, added December sales of $52,000. For the year, International Leathercraft sales were $3.2 million compared to $2.1 million in 2011, up 52%. For 2012, same store sales were up 2% compared to sales reported for 2011.

Chief Executive Officer and President, Jon Thompson, commented, "We had a strong finish to 2012 and met our sales guidance for the year. We also set a new monthly and annual sales record and we are certainly proud of that accomplishment, given the economic environment. Our stores, domestic and international, are performing well."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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