Brief: Tandy Leather Factory revises 2014 earnings guidance on gross profit margin decline on strong leather sales

Tandy Leather Factory

01/12/2014 13:00

Dec 1 (Reuters) - Tandy Leather Factory Inc  TLF.O : 
 * Revises 2014 earnings guidance down due to gross profit margin decline on 
   strong leather sales, reiterates revenue guidance 
 * Sees FY 2014 earnings per share $0.75 to $0.78 
 * Sees FY 2014 sales $82 million to $83 million 
 * Says company states a higher ratio of leather sales to non-leather sales as 
   the reason for the earnings revision 
 * Says "our 2014 sales are on track with our internal targets" 
 * Says expect gross profit margins to decrease by several basis points in the 
   fourth quarter, compared to last year 
 
 * Source text for Eikon  ID:nGNXVCEZVa  
 
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