Tandy Leather Factory Q1 net income declines on headquarters sale expenses

Tandy Leather Factory

11/05/2026 21:33

Overview

US specialty leather retailer's fiscal Q1 revenue rose 3.2% yr/yr to $19.7 mln

Gross margin increased to 61.0% from 56.3% a year earlier

Net income fell sharply from prior yr due to one-time gain from headquarters sale in 2025

Outlook

Company did not provide specific guidance or forecasts for upcoming quarters or full yr

Result Drivers

PRICING CHANGES - Co said higher gross margin was primarily driven by pricing changes

HIGHER OPERATING EXPENSES - Co said operating expenses rose due to compensation, investments in operations and technology, and increased rent for headquarters and flagship store

SALES GROWTH OFFSET COSTS - Co said increased sales and margins offset higher expenses and delivered more profit from operations

Company press release: ID:nGNX9L3gjy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$19.70 mln
Q1 Net Income
$200,000
Q1 Gross Profit
$12 mln
Q1 Operating Income
$400,000


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)