FORT WORTH, Texas, June 6, 2013 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of May were $5.9 million, up 7% compared to May 2012 sales of $5.5 million. Year to date sales are up 10% to $32.5 million in the current year from $29.5 million last year.
Retail Leathercraft's sales rose 8% to $3.5 million compared to May 2012 sales of $3.2 million. The 77 comparable stores' sales were up 7% compared to the same period last year. The one store opened after May 2012 added May sales of $38,000. Year-to-date sales for Retail Leathercraft are $19.4 million, a 15% increase over sales of $16.9 million for the same period of 2012. As of the end of May, the 77 comparable stores' sales were up 14% compared to sales reported for the same period in 2012.
Wholesale Leathercraft posted sales of $2.1 million for May, up 3% compared to May 2012 sales of $2.0 million. Within the Wholesale Leathercraft division, compared to May 2012, the wholesale same store sales were up 3% and the National Account group's sales were up 6%. For the year to date, Wholesale Leathercraft sales are $11.4 million, even with sales for the same period last year. As of the end of May, the wholesale same store sales were up 5% compared to the same period last year and the National Account group's sales were down 50%.International Leathercraft reported May sales of $329,000, up 11% compared to May 2012 sales of $298,000. For the year to date, International Leathercraft sales were $1.7 million compared to $1.3 million, up 34%. All three stores in the segment have been opened for both periods, so same store sales for the month and year to date were the same as the segment's sales.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV