SMALLER Q4 NET FOR TANDY BRANDS.(Tandy Brands Accessories Inc.)

Daily News Record, August, 2004 by Karr, Arnold J.

Byline: Arnold J. Karr

NEW YORK -- Tandy Brands Accessories saw its earnings and sales dwindle in the fourth quarter, as strength in its men's and boys' product line couldn't compensate for weakness in its mass-merchant women's accessories business.

In the three months ended June 30, net income for the Arlington, Tex.-based accessories producer contracted 77.2 percent to $151,000, or 2 cents a diluted share, from $663,000, or 11 cents, in the year-ago period. Sales dropped 13.2 percent to $44.5 million from $51.2 million.

Britt Jenkins, president and chief executive officer, told DNR that the firm's acquisition of Superior Merchandise, a New Orleans-based gift accessories firm, was completed July 1 and should add 6 cents to earnings per...

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