Lumber Liquidators (LL) Reports Q3 Loss of $0.66/Sh; Comps Rise 3.8%

Lumber Liquidators (NYSE: LL) reported Q3 EPS of ($0.66), $0.68 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $257.2 million versus the consensus estimate of $261.66 million.

Net sales in comparable stores increased $9.3 million, or 3.8%, driven by a 3.0 % increase in the average sale and a 0.8% increase in the number of customers invoiced.

Dennis Knowles, Chief Executive Officer, commented, "We saw continued growth in sales and positive comp store growth for the fifth consecutive quarter. That is despite the unusually severe hurricane season that we believe had a slight negative impact on net sales in some of our stores. A lot of credit should be given to our associates directly impacted by these storms. Their resiliency and commitment were inspiring, and our customers appreciated their responsiveness. We saw gross margin expansion as well as improvement in operating results on an adjusted basis. We remain confident in the long-term strength of our unique business model, our value proposition, and the investments we have made in the capabilities of our people."

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

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