FORT WORTH, Texas, Nov. 7, 2013 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) reported today that sales for the month of October were $6.5 million, up 6% compared to October 2012 sales of $6.0 million. Year to date sales are up 9% to $63.3 million in the current year compared to $58.0 million last year.
Retail Leathercraft's sales rose 5% to $3.8 million compared to October 2012 sales of $3.6 million. The 77 comparable stores' sales were up 4% compared to the same period last year. The one store opened after October 2012 added October sales of $36,000. Year-to-date sales for Retail Leathercraft are $37.8 million, a 12% increase over sales of $33.6 million for the same period of 2012. As of the end of October, the 77 comparable stores' sales were up 11% compared to sales reported for the same period in 2012.
Wholesale Leathercraft posted sales of $2.3 million for October, up 8% compared to October 2012 sales of $2.1 million. Within the Wholesale Leathercraft division, compared to October 2012, wholesale same store sales were up 6% and the National Account group's sales were up 43%. National Account sales were $100,000 for the month compared to last year's October sales of $70,000. For the year to date, Wholesale Leathercraft sales are $22.3 million, up 2% from last year's sales of $21.8 million. As of the end of October, the wholesale same store sales were up 4% compared to the same period last year and the National Account group's sales were down 25%.International Leathercraft reported October sales of $338,000, up 25% compared to October 2012 sales of $269,000. For the year to date, International Leathercraft sales were $3.2 million compared to $2.6 million last year, up 25%. 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts