Lumber Liquidators (LL) Tops Q4 EPS by 41c, Revenues Beat

Lumber Liquidators (NYSE: LL) reported Q4 EPS of $0.56, $0.41 better than the analyst estimate of $0.15. Revenue for the quarter came in at $274 million versus the consensus estimate of $272.46 million.

"During the quarter, we made continued progress implementing our transformational plan designed to reinvigorate our brand and position us to deliver exceptional value in the hard-surface flooring marketplace," said Interim President and Chief Customer Experience Officer Charles Tyson. "Comparable store sales grew slightly in the quarter, and profitability improved significantly, in large part due to the tariff exclusions announced by the U.S. Trade Representative in November."

"Reflecting on the full year, 2019 was especially dynamic with an ever-changing tariff environment," Tyson continued. "Our tariff mitigation efforts in 2019, coupled with the exclusions announced in November, allowed us to substantially improve gross margins while remaining focused on delivering value to customers. As we enter 2020, we remain focused on three key areas – delivering enhanced profitability, driving traffic to our stores and online, and improving the customer experience."

2020 Outlook

The Company introduced 2020 full-year expectations which exclude any potential supply chain disruption and associated financial impact related to Coronavirus as the Company is currently unable to estimate the magnitude of such impact. In addition, Company expectations assume the continuation of Section 301 tariffs at 25% on currently tariffed Chinese imports while also assuming tariff exclusions granted in 2019 on vinyl and engineered "click" product remain in effect for all of 2020 despite a currently proposed August 2020 expiration.

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

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