FORT WORTH, Texas, July 21, 2021 (GLOBE NEWSWIRE) — Tandy Leather Factory, Inc. (Pink: TLFA) today reported certain preliminary financial information for its second quarter ended June 30, 2021.  Sales for the second quarter of 2021 are expected to range between $18.5 million and $18.8 million, an increase of about 100% compared to the second quarter of 2020, when nearly all of the Company’s retail stores were closed due to COVID-19. Web sales were down compared to 2020 but were up more than 50% over the same period in 2019. Total sales for the second quarter 2021 were up about 8% compared to the second quarter of 2019, despite operating 11 fewer stores. As of June 30, 2021, the Company had $0.4 million of debt and $5.9 million of cash and cash equivalents.

By A Silva