Tandy Leather Factory (TLF) Reports Q4 EPS of $0.24; Offers FY16 Outlook

Tandy Leather Factory (NASDAQ: TLF) reported Q4 EPS of $0.24, versus $0.24 reported last year. Revenue for the quarter came in at $24.2 million, versus $24.5 million reported last year.

Shannon L. Greene, interim Chief Executive Officer, commented, "2015 was a challenging year on many fronts. Despite those challenges, we beat our revenue and earnings guidance, albeit minimally. We have some work to do in 2016 to achieve our standing goal of top line and bottom line growth against the prior year. Growing the top line has its challenges as we can’t force our customers to make purchases. What we can do is offer quality product and exceptional customer service. Operating expenses are more within our control. We are analyzing many of those expenses, focusing on more efficient and deliberate spending without negatively impacting our stores.”

Mark Angus, interim President, added, “Our consolidated gross profit margin in the fourth quarter was much better than our 2014 fourth quarter margin, improving by more than two percentage points. For the year, our gross profit margin decreased approximately one-half percent. We have talked previously about how the customer and product mix dictates margin results. Our focus in 2016 is to tweak our product offerings to our customer groups in such a way to maximize margins.”

GUIDANCE:

Tandy Leather Factory sees FY2016 EPS of $0.69-$0.71. Tandy Leather Factory sees FY2016 revenue of $84-85 million.

For earnings history and earnings-related data on Tandy Leather Factory (TLF) click here.

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