Lumber Liquidators (LL) Posts Q1 Loss of $1.20/Share; Discloses Additional SEC Subpoena

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Lumber Liquidators Announces First Quarter 2016 Financial Results

May 10, 2016 6:00 AM EDT

TOANO, Va., May 10, 2016 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, today announced financial results for the first quarter ended March 31, 2016.

First Quarter Results

Net sales in the first quarter of 2016 were $233.5 million, a decrease of 10.2% from the first quarter of 2015, including a comparable store net sales decline of 13.9% due to a 13.8% decrease in the number of customers invoiced and a 0.1% decrease in the average... More