Lumber Liquidators (LL) Tops Q1 EPS by 1c; Reiterates 2009 Outlook
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Lumber Liquidators, Inc., (NYSE: LL) reports Q1 EPS of $0.19, 1 cent better than estimates. Revenues were $123.9 million vs. $122.62 million consensus.
Based upon first quarter results and current trends, the Company reiterated its 2009 guidance. Net sales for the full year are expected to be in the range of $515 million to $530 million, with a decrease in comparable store net sales in the low- to mid-single digit range and the opening of 30 to 36 store locations. (Consensus is $522.35M)
The Company continues to expect full year 2009 earnings per diluted share in the range of $0.76 to $0.86. (Consensus is $0.83)
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