Lumber Liquidators (LL) Posts Q2 Loss of 45c/Share

Lumber Liquidators (NYSE: LL) reported Q2 EPS of ($0.45), $0.20 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $238.1 million versus the consensus estimate of $240.52 million.

This includes a comparable store net sales decline of 7.2%, reflecting a 0.7% increase in the average sale which was more than fully offset by a 7.9% decrease in the number of customers invoiced.

John Presley, Chief Executive Officer, commented, "While our financial results this quarter were below our expectations, we are encouraged by the progress we made in strengthening Lumber Liquidators for growth and profitability in the long term. We resolved several legacy regulatory issues, made good progress on resolving certain other outstanding legal matters, and continued to enhance our compliance program. We have also taken significant steps to improve store performance, ensuring our sites are equipped with the right people and products to serve our customers. In short, we are making steady progress, and will continue to focus on execution within the business in the coming quarters."

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

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