Lumber Liquidators Reports Q1 Business Update

Shares of Lumber Liquidators Holdings Inc LL ticked higher on Thursday morning by more than three percent after the company released a business update for its first quarter. Here are the highlights:

• Lumber Liquidators said that it expects first quarter sales to be $260 million, exceeding the $256.8 million analysts had projected.
• Same-stores sales for the quarter fell 1.8 percent.
• March sales fell 12.8 percent from a year ago to $89.4 million.
• Lumber Liquidators filed an 8-K form for an Amended Credit Pact and drew a $20 million revolving credit loan under a New Credit Agreement.