Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

May 5, 2021, 6:14 a.m. EDT

Lumber Liquidators stock set to selloff after profit beat expectations but sales came up short

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Lumber Liquidators Holdings Inc. (LL)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Lumber Liquidators Holdings Inc. /zigman2/quotes/202539569/composite LL -6.49% were indicated down about 5% in premarket trading Wednesday, after the wood flooring retailer reported first-quarter profit that beat expectations but sales that came up short, as results continued to be impacted by tariffs on certain products imported from China. Net income fell to $10.6 million, or 36 cents a share, from $12.2 million, or 42 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to 34 cents, above the FactSet consensus of 23 cents. Net sales rose 6.0% to $283.5 million, below the FactSet consensus of $293.1 million, as same-store sales grew 6.9% to miss expectations of a 10.4% rise. The company said same-store sales were driven by strong demand for installation and home improvement projects and shutdowns related to the COVID-19 pandemic a year ago. Cost of sales rsoe 3.4% to $167.9 million. The company did not provide financial guidance, citing uncertainties surrounding the impact of the COVID-19 pandemic as it relates to consumer spending and supply chain disruptions. The stock has dropped 19.5% year to date through Tuesday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.32% has climbed 10.9%.

/zigman2/quotes/202539569/composite
US : U.S.: NYSE
$ 15.86
-1.10 -6.49%
Volume: 522,768
Nov. 29, 2021 4:00p
P/E Ratio
7.49
Dividend Yield
N/A
Market Cap
$493.34 million
Rev. per Employee
$492,243
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,655.27
+60.65 +1.32%
Volume: 2.50B
Nov. 29, 2021 4:57p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.