TANDY BRANDS EARNINGS RISE TO $1.1 MILLION IN 4TH QUARTER

ARLINGTON, Tex.--Tandy Brands Accessories reported fourth-quarter earnings climbed 13.1 percent to $1.1 million, or 21 cents a share, from $957,000, or 19 cents a year ago.
Sales for the manufacturer of men's and women's accessories grew 54.4 percent in the quarter ended June 30 to $19.5 million from $12.6 million.
Certain assets of Prince Gardner Inc., manufacturer of men's and women's small leather goods, were acquired in April for $7.7 million. For the three months ended June 30, net sales for Prince Gardner operations were $3.3 million.
For the year ended June 30, earnings advanced 24 percent to $5.1 million, or 97 cents, from $4.1 million, or 80 cents in 1993.
Sales in the year gained 36.3 percent to $68.4 million from $50.2 million.

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus