Tandy Leather Factory, Inc. (NASDAQ: TLF) closed with gain of +2.42% to $5.93. Recent traded volume was 9,706 shares versus to it an average volume of 12,106 shares. The company holds 8.85 million shares outstanding and market cap of 53.465M. The stock’s day range was recorded between a low of $5.55 and a high $5.93. The one year high of the company is $8.05 and the one year low is $4.90.
After the last closing session, the bid price was seen at 5.30 x 900. The bid price represents the higher price that a buyer or buyers are willing to pay for a security. The ask price was registered at 6.10 x 220 . The ask price indicates the lower price that a seller or sellers are willing to receive for the security.
Tandy Leather Factory, Inc. (NASDAQ: TLF) recently stated financial results for the first quarter ended March 31, 2019.
- Net sales increased 2.4% to $20.8M, contrast to previous year’s $20.3M (consolidated same store sales increased 2.8%, while new stores added $0.2M of sales and closed stores accounted for decline of $0.3M).
- Gross profit declined 3.1% or $0.4M to $12.4M, contrast to previous year’s $12.8M. This decline was Because of product mix, as well as promotions and clearance activities related to our Australia store closure at the end of February 2019.
- Operating costs increased $0.2M contrast to previous year, primarily Because of $0.4M of non-recurring store closure cost related to the three stores closed during the first quarter of 2019 and $0.2M of higher non-cash share-based compensation expense.
- Operating income declined $0.6M or 33.9% contrast to previous year Because of the $0.4M decrease in gross profit and $0.2M increase in operating expenses.
- Diluted EPS was $0.10 contrast to previous year’s $0.14.
- At March 31, 2019, cash totaled $12.7M, a decrease of $11.4M from year-end 2018. During the first quarter of 2019, cash provided by operations equaled $3.0M, and we paid off $9.0M of debt, purchased $5.0M of US Securities with maturities less than one year, and bought back $0.7M of treasury stock.
- At March 31, 2019, inventory totaled $30.6M, a decrease of $3.3M from the starting of the year.
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