Lumber Liquidators (LL) Tops Q4 EPS by 4c; offers 2024 Business Outlook

Lumber Liquidators (NYSE: LL) reported Q4 EPS of ($0.64), $0.04 better than the analyst estimate of ($0.68). Revenue for the quarter came in at $211.78 million versus the consensus estimate of $211.2 million.

OUTLOOK

The Company expects:

In terms of our sales outlook for 2024, while we strongly believe that our strategic initiatives of our CRM and Pro initiatives will improve the customer experience and help drive traffic to stores, our visibility is limited as to when the macroeconomic environment will normalize.

Adjusted gross margins1 are expected to maintain year-over-year, driven primarily by potential reductions in transportation costs. The Company will continue to monitor the competitive pricing environment to inform its pricing and promotion strategies.

SG&A dollar spend and SG&A spend as a percentage of sales are expected to increase year-over-year, primarily due to lower net sales as we continue to invest in our strategic initiatives while navigating a dynamic macroeconomic environment.

Capital expenditures of approximately $15 million in 2024, primarily related to our strategic initiatives such as the rollout of Carpet across our store portfolio, and maintenance capital investments.

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

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