Lumber Liquidators Reports 3.4% Growth In Revenue

Lumber Liquidators Holdings Inc LL reported 3.4 percent growth in sales that topped the estimates in the third quarter.

• Suffers a loss per share of $68, misses estimates by $(0.49)
• Sales grew 3.4 percent to $244.09 million, tops by $12.51 million.
• Gross Margin improved from 30.1 percent to 31.4 percent.
• Guidance is not given.

CEO John Presley commented, "We are pleased with the direction of our sales performance this quarter but recognize we have work to do to restore Lumber Liquidators to growth and profitability for the long term. We continue to invest in our value proposition while focusing on execution within the business and have taken steps to strengthen our financial position. We remain committed to the strategic direction we set for the Company and believe our actions will improve our performance over time."

The stock closed at $18.48 on Friday.