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

Press release content from Globe Newswire. The AP news staff was not involved in its creation. 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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