Tandy Leather Factory Reports 1st Quarter 2012 Earnings Up 37%

Reiterates 2012 Revenue and Earnings Guidance FORT WORTH, Texas, May 11, 2012 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. today reported financial results for the first quarter of 2012. Net income for the quarter ended March 31, 2012 was $1.6 million, up from net income of $1.2 million in the first quarter of 2011, an increase of 37%. Fully-diluted earnings per share for the quarter were $0.15 in the current quarter, compared to $0.11 in last year's first quarter. Total sales for the first quarter were $18.2 million, an increase of 14.5% compared to