Lumber Liquidators (LL) Tops Q1 EPS by 10c, Revenues Miss

Lumber Liquidators (NYSE: LL) reported Q1 EPS of $0.34, $0.10 better than the analyst estimate of $0.24. Revenue for the quarter came in at $283.45 million versus the consensus estimate of $293.12 million.

"During the first quarter, we delivered positive 6.9% comparable sales and increased our operating income from the first quarter of 2020, driven by continued execution on our transformation initiatives, strong demand for home improvement projects and accelerating year-over-year growth in our installation business," said President and Chief Executive Officer Charles Tyson. "I want to thank all of our associates for driving our strategic priorities forward during the quarter, demonstrating progress on our four pillars of people and culture, improving the customer experience, driving traffic and transactions, and improving profitability.

"We are intently focused on executing our strategies to drive sales and profitability in 2021. With more than 400 varieties of hard-surface floors featuring a range of quality styles and on-trend designs, we offer our customers quality choices and provide high-touch service and advice to help them achieve their flooring project needs. We will continue to pursue gross margin rate mitigation strategies and disciplined expense management to optimize profitability, and our strong balance sheet and liquidity support the investment in our strategies to position LL Flooring as the customer's first choice in hard surface flooring over the long term."

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

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