or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ______________ Commission File Number 1-12368 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Registrant's telephone number, including area code) TANDY LEATHER FACTORY, INC. (Exact name of re ...

Financial Data and Key Metrics Changes - Sales decreased by approximately 5.1% to $76.2 million, attributed to weak consumer demand and the closure of six stores, which accounted for about $1.4 million of the sales decline [32] - Gross profit dollars fell by 2.9% to $45.2 million, but the gross margin rate improved by 130 basis points due to reductions in freight and warehouse overhead, better full-price selling, and product mix adjustments [33] - Operating income increased by $3 million to $4.4 million, driven by a 9.7% decline in operating expenses [20][22] Business Line Data and Key Metrics Changes - The company opened a new store in Queens, New York, in July 2023, which is performing well despite ongoing sales ramp-up [32] - Two additional stores are set to open in Margate, Florida, and Richmond, Virginia, to recoup lost sales from previous closures [21] Market Data and Key Metrics Changes - The company is focusing on optimizing its retail fleet, with 38 leases up for renewal in the next 18 months, indicating a proactive approach to managing underperforming locations [15] Company Strategy and Development Direction - The company is prioritizing profitability and cash flow, with plans to open three to five new stores while maintaining a focus on its core business [23] - A new store model emphasizes a smaller footprint, lower rents, and enhanced customer engagement through workshops and classes [11] - The company is exploring the sale of its Fort Worth property to unlock potential value and excess cash [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging consumer demand environment and emphasized a conservative investment approach to drive sales growth [19] - The focus remains on long-term shareholder value and disciplined capital allocation [12] Other Important Information - The company has no debt and reported a cash increase of $4 million to $12.2 million [10] - Interest income from cash balances was low, approximately $90,000, due to investments in risk-free securities and fluctuations in cash balances throughout the year [37] Q&A Session Summary Question: How far along is the company in optimizing the retail fleet? - Management indicated that the optimization process is ongoing, with substantial work still to be done [25] Question: Why is the interest income on cash balances low? - Management explained that interest income was around $90,000 last year due to cash reaching a low point in Q3 and the initiation of a T-Bill investment program [37] Question: Is there strong interest in the sale of the headquarters? - Management confirmed that there has been strong interest in the sale of the Fort Worth property [43]

Exhibit 99.1 FOR IMMEDIATE RELEASE March 22, 2024 Topic: Tandy Leather 2023 Year-End Investor Call Time: March 26, 2024, 9:00 AM Central Time (US and Canada) Join Zoom Meeting https://us06web.zoom.us/j/84143000816 Meeting ID: 841 4300 0816 Tandy Leather Factory Reports Fourth Quarter and Full Year 2023 Results FORT WORTH, TEXAS – March 22, 2024 (GLOBE NEWSWIRE) – Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company's financial results for the fourth fiscal quarter and full year 2023. Highli ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ________ to________ Commission File Number 1-12368 TANDY LEATHER FACTORY, INC. Title of each class Trading Symbol Name of each exchange on which registered Common Stock ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ______________ Commission File Number 1-12368 TANDY LEATHER FACTORY, INC. (Exact name of registrant as specified in its charter) Delaware 75 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ______________ Commission File Number 1-12368 TANDY LEATHER FACTORY, INC. (Exact name of registrant as specified in its charter) Delaware 75-2543 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ______________ Commission File Number 1-12368 Indicate by check mark whether the registrant has submitted electronically every Interactive Data ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) Commission File Number 1-12368 TANDY LEATHER FACTORY, INC. (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1900 Southeast Loop 820 Fort Worth, Texas 76140 76140 (Address of Principal Executive Offices) (Zip Code) Delaware 75-2543540 817-872-3200 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | Title ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ______________ Commission File Number 1-12368 TANDY LEATHER FACTORY, INC. (Exact name of registrant as specified in its charter) (State or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ______________ Commission File Number 1-12368 (Address of principal executive offices) (Zip code) (817) 872-3200 TANDY LEATHER FACTORY, INC. (Exa ...