TLF earnings analysis
What we found in TLF's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The provided 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, segment results, or MD&A, so current-quarter revenue, margins, EPS, cash flow, and working-capital trends cannot be reliably quantified. The filing adds tariff exposure tied to sourcing from China and Brazil and highlights expected annual facility rent above $1.6 million. The company had $5.0 million available under its repurchase authorization but purchased zero shares during the quarter.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Repurchase Authorization Remains Available
- The company retained $5.0 million of remaining authorization under its publicly announced share-repurchase plan as of June 30, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Fixed Facility Costs Exceed $1.6M Annually
- The company expects combined annual rent for its new headquarters and flagship-store facilities to exceed $1.6 million, adjusted for inflation annually. Management warns that insufficient additional sales and profits to offset this expense could materially adversely affect operations.
- No Shares Repurchased in the Quarter
- No shares were purchased during the quarter ended June 30, 2026, despite $5.0 million remaining under the repurchase authorization, so the filing provides no evidence of buyback support during the period.
- Tariff Exposure in China and Brazil
- The company identifies China and Brazil as its most notable sourcing countries and warns that higher tariff rates could increase product costs and pressure sales. The filing also states that the company may face retaliatory tariff implications for intercompany sales to Canadian stores.
What they said about what is next.
The provided 10-Q excerpt contains no quantitative revenue or EPS outlook. No explicit guidance direction is disclosed.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 11, 2026
- Tandy Leather Factory reported Q1 2026 revenue of $19.65 million, a 3.2% increase compared to $19.04 million in Q1 2025, driven by improved product mix and community engagements. Gross profit rose by 11.9% to $12…
- 10-K · February 24, 2026
- Tandy Leather (TLF) positions itself as a niche, century-old specialty retailer with a 101-store footprint and omni-channel strategy that emphasizes in-store expertise, classes/workshops, ecommerce growth (including…
- 10-Q · November 10, 2025
- Tandy Leather reported Q3 2025 net sales of $17,264,000 and a Q3 net loss of $1,352,000 (diluted loss per share $0.17), driven by a wider operating loss and a $1,253,000 other-net expense item. Gross profit improved…
- 10-Q · May 12, 2025
- Tandy Leather reported Q1 net sales of $19.036M, a slight decline of $0.239M (-1.2%) versus Q1 2024, with gross margin compressing to 56.3% from 56.7%. Reported net income jumped to $12.676M and diluted EPS to $1.47…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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