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Tandy Leather continues to generate new sales ideas
05 Sep '08
4 min read
Financial Outlook:
The following statements are based on TLF's current expectations as of September 4, 2008. These statements are forward-looking statements and should be read in conjunction with the cautionary information about these statements that appears below.
The Company plans to open 2 retail stores in 2008 and estimates consolidated net sales for 2008 will be approximately $52-53 million, a 5% decrease from 2007 sales. Diluted EPS for 2008 is expected to be in the range of $0.23-$0.24, a 15% decrease over 2007. Average diluted shares outstanding in 2008 are estimated to be approximately 11.1 million shares. The Company assumes an effective tax rate for the year between 35% and 37%.
The following statements are based on TLF's current expectations as of September 4, 2008. These statements are forward-looking statements and should be read in conjunction with the cautionary information about these statements that appears below.
The Company plans to open 2 retail stores in 2008 and estimates consolidated net sales for 2008 will be approximately $52-53 million, a 5% decrease from 2007 sales. Diluted EPS for 2008 is expected to be in the range of $0.23-$0.24, a 15% decrease over 2007. Average diluted shares outstanding in 2008 are estimated to be approximately 11.1 million shares. The Company assumes an effective tax rate for the year between 35% and 37%.
Tandy Leather Factory Inc
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