Lumber Liquidators (LL) Misses Q1 EPS by 71c, Sales Beat

Lumber Liquidators (NYSE: LL) reported Q1 EPS of ($0.93), $0.71 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $248.8 million versus the consensus estimate of $247.63 million.

Comparable store net sales increased 4.7%, which reflected a 4.8% increase in average sale slightly offset by a 0.1% decrease in customers invoiced.

Dennis Knowles, Chief Executive Officer, commented, "We continue to be pleased with our top line sales performance, as we move from negative to low single-digit growth in comparable store sales. Our investments in a broader assortment and trend-right products are providing returns in sales and margin. We continue to take steps to resolve legacy legal and regulatory issues and optimize our cost structure. While these are positive developments for our business, we remain focused on the long-term strategic direction of the Company. Our main goals are to provide better service to our customers, foster a great place to work for our employees and return Lumber Liquidators to a thriving and profitable business for our shareholders."

For earnings history and earnings-related data on Lumber Liquidators (LL) click here.

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