Tandy Leather Factory Reports Certain First Quarter Operating Results and Related Information

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Tandy Leather Factory Reports Certain First Quarter Operating Results and Related Information
Tandy Leather Factory, Inc.April 21, 2021 GMT
FORT WORTH, Texas, April 21, 2021 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Pink: TLFA) today reported certain preliminary financial result information for its first quarter ended March 31, 2021. Sales for the first quarter of 2021 are expected to be approximately $21.3 million, an increase of approximately 23.6% compared to the first quarter of the prior year. The Company saw positive double digit total sales growth in each of its three channels of distribution: retail, web and commercial. As of March 31, 2021, the Company had $0.4 million of debt and $10.9 million of cash and cash equivalents.

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