Lumber Liquidators misses by $0.73, reports revs in-line :
- Reports Q1 (Mar) loss of $0.93 per share, $0.73 worse than the Capital IQ Consensus of ($0.20); revenues rose 6.4% year/year to $248.4 mln vs the $247.22 mln Capital IQ Consensus.
- This includes a comparable store net sales increase of 4.7%, which reflected a 4.8% increase in average sale slightly offset by a 0.1% decrease in customers invoiced.
- Non-comparable store net sales increased $3.9 million over the comparable prior year period.
- "We continue to be pleased with our top line sales performance, as we move from negative to low single-digit growth in comparable store sales. Our investments in a broader assortment and trend-right products are providing returns in sales and margin. We continue to take steps to resolve legacy legal and regulatory issues and optimize our cost structure. While these are positive developments for our business, we remain focused on the long-term strategic direction of the Company. Our main goals are to provide better service to our customers, foster a great place to work for our employees and return Lumber Liquidators to a thriving and profitable business for our shareholders."
No comments:
Post a Comment