TLF - Earnings call 3 2023 | Tandy Leather Factory, Inc.

Dan. Thanks,

very the open we been doing brief few as and a have last for then we'll I'm just questions. quarters, So summary, going give to

were quarter tough. this sales So

end we demand QX. that Soft towards saw QX into continued of the

versus in year-to-date. were down Our QX, X.X% sales year X% and now last

XX.X% price in was costs sales. gross real capitalize our and year full we by have seeing cost we to margin warehouse of all duty, of in in rate into that driven in and versus advantages Our selling controls cost XX.X% that we're really last freight up cost those and QX,

operating QX versus that we've QX, taken now improvements last everywhere, therefore, by real year. steps Our in XX driven income, some QX was was $XXX,XXX down last but particular, year-to-date to driven operating expense store X.X% year, it's in X.X% $XXX,XXX and of down by it versus labor. was improve

year-end. $X where year, of at like look year. last to end which quarter million cash, ended from with last I the key QX was $X.X to items. at in sheet versus up the we at We it Looking million million $X at were some balance And

So we're our profitability. on progress around goals definitely and cash making

inventory. quarter with QX with inventory versus the in in we $XX.X of last $XX.X $X.X ended versus year. of million million at last and year, million year-end million down We QX $XX.X ended

line really cash. We're bottom expenses, from in sales preserving to just we short, perspective, sales we've softening the sales. adjusting managing our we're So purchases or operating managing inventory in of nimble are and quite to demand, is match our been cost financial and a responding managing

stores, reported Queens, regard York. has opened been That visit York area, X definitely in With our if the go there. we quarter, store the last as new you're New we New meeting to expectations. should And you Ridgewood, team in store

a will maybe I Fort people, good can as talked learning We November. be on this if they're the -- the that to base. is was We've Liberty people this also think end not obvious will can they at about say leave to is And I store for opportunity. real closing of it some our at a can't And shop at Tandy, you to the conclusion personnel, base come but the military us. but

what work idea real where a with of was is the And who who -- [indiscernible] sort engagement. the came we lot audience it is we do with true. of learning this of organizations military generally, benefit contact, So that that community a are, to to about go out can how to have of the

great close of So at the sort this, November. that got from lot learning a we've and of end

accounting McGill, a the that I about you X big our whole last is our want in and Item team. The XX-Q out make Controller shout comment to can read Adverthus in to

we our remediated in have all As material we our reported weaknesses. XX-Q, of

are And more we about controls. tested have after our fully feel we say We disclosed able to that testing, are. of and where feel We confident quarter really one we'll actually controls our effective. good be

it's like needs piece the puzzle feel the to that, we into restatement behind And journey. bit completely last last to and the, put that us. the put us we quite been be place been have has this done So for

So thanks his full team. Adverthus to again and

think I to we looking We're managing as we demand tough our I QX. in pleased but would. we're a driving say, sales summary, costs really been and said forward we're environment, it's with in would our profitability,

Questions, comments?

Daniel Ross	executive
Janet Carr	executive

Tandy Leather Factory (TLF) 10 Nov 232023 Q3 Earnings call transcript