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Tandy Leather Factory Reports July 2013 Sales Up 12% Over July 2012

Stocks in this article: TLF

FORT WORTH, Texas, Aug. 8, 2013 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of July were $6.5 million, up 12% compared to July 2012 sales of $5.8 million. Year to date sales are up 10% to $44.9 million in the current year compared to $40.8 million last year.

Retail Leathercraft's sales rose 16% to $3.9 million compared to July 2012 sales of $3.4 million. The 77 comparable stores' sales were up 15% compared to the same period last year. The one store opened after July 2012 added July sales of $39,000. Year-to-date sales for Retail Leathercraft are $26.8 million, a 14% increase over sales of $23.5 million for the same period of 2012. As of the end of July, the 77 comparable stores' sales were up 13% compared to sales reported for the same period in 2012. 

Wholesale Leathercraft posted sales of $2.3 million for July, up 8% compared to July 2012 sales of $2.1 million. Within the Wholesale Leathercraft division, compared to July 2012, wholesale same store sales were up 8% and the National Account group's sales were up 10%. National Account sales were $161,000 for the month compared to $147,000 in July last year. For the year to date, Wholesale Leathercraft sales are $15.8 million, up 2% from last year's sales of $15.5 million. As of the end of July, the wholesale same store sales were up 4% compared to the same period last year and the National Account group's sales were down 29%.       

International Leathercraft reported July sales of $303,000, up 6% compared to July 2012 sales of $287,000. For the year to date, International Leathercraft sales were $2.3 million compared to $1.8 million last year, up 27%. 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.  

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