Lumber Liquidators (LL) Misses Q3 EPS by 13c; Appoints New CEO

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Go back to Lumber Liquidators (LL) Misses Q3 EPS by 13c; Appoints New CEO

Lumber Liquidators Appoints John M. Presley as Chief Executive Officer

November 4, 2015 6:01 AM EST

TOANO, Va., Nov. 4, 2015 /PRNewswire/ -- Lumber Liquidators (NYSE: LL) today announced that its Board of Directors has appointed John M. Presley as Chief Executive Officer, effective November 16, 2015.  He succeeds Thomas D. Sullivan, the Company's Founder, who has served as Acting Chief Executive Officer since May 21, 2015. 

Mr. Sullivan will serve as Special Advisor to the CEO and remain on the Board as Founder.  In his new role, Mr. Sullivan will assist Mr. Presley in an advisory capacity to provide guidance... More

Lumber Liquidators Announces Third Quarter 2015 Financial Results

November 4, 2015 6:00 AM EST

TOANO, Va., Nov. 4, 2015 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, today announced financial results for the third quarter and nine months ended September 30, 2015.

Third Quarter Results

Net sales in the third quarter of 2015 were $236.1 million, a decrease of 11.3% from the third quarter of 2014, including a comparable store net sales decline of 14.6% due to a 13.0% decrease in the number of customers invoiced and a 1.6% decrease in the average sale. ... More