Lumber Liquidators (LL) Tops Q2 EPS by 23c, Beats on Revenues

Lumber Liquidators (NYSE: LL) reported Q2 EPS of $0.16, $0.23 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $263.5 million versus the consensus estimate of $256.84 million.

Dennis Knowles, Chief Executive Officer, commented, "In the quarter, we saw positive results in net revenues, comparable store sales and customer traffic, in addition to gross margin expansion which drove positive operating results. Customers have responded to the investments that we made to broaden and strengthen our assortment with innovative products, while also ensuring the right mix of those products were available in our stores. Although we are pleased with the results in the quarter, we still have work to do. Our management team is confident in the potential of our business, and remains dedicated to carrying out the long-term strategy of the Company. We believe that by continuing to work our plan, we will position the Company for long-term profitability and growth."

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

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