Tandy Leather Factory reported first-quarter results to March 31, 2026, with revenue growth but lower net income year on year.
Net sales rose 3.2% to $19.7 million (€18.1 million), driven by sales campaigns, product mix improvements and stronger in-store engagement.
Gross margin improved to 61.0%, lifting gross profit to $12.0 million (€11.0 million), while operating income was $0.4 million (€0.37 million) after higher expenses.
Net income declined to $0.2 million (€0.18 million) from $11.6 million (€10.7 million) a year earlier, which included a one-off property sale gain.
The company operates 100 stores across the United States, Canada and Spain. It paid a $0.75 per share dividend and ended the quarter with $10.1 million (€9.3 million) in cash.
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