Lumber Liquidators misses by $0.53, misses on revs :
- Reports Q4 (Dec) loss of $0.73 per share, $0.53 worse than the Capital IQ Consensus of ($0.20); revenues fell 13.7% year/year to $234.8 mln vs the $251.27 mln Capital IQ Consensus.
- Comparable store net sales declined 17.2% due to a 15.6% decrease in the number of customers invoiced and a 1.6% decrease in the average sale.
- The Company believes net sales continued to be negatively impacted by certain unfavorable allegations surrounding the product quality of its laminates sourced from China.
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