Lumber Liquidators Announces First Quarter 2011 Financial Results and Updates Full Year 2011 Outlook

Lumber Liquidators LL, the largest specialty retailer of hardwood flooring in the U.S., today announced financial results for the first quarter ended March 31, 2011, and updated its outlook for 2011. First Quarter Results Net sales increased $8.5 million, or 5.6%, to $159.7 million in the first quarter of 2011 from $151.2 million in the first quarter of 2010. Comparable store net sales decreased 4.3% for the quarter, in comparison to an increase of 8.0% for the first quarter of the prior year. Comparable store net sales for the first quarter generally reflect the adverse impact of inconsistent servicing of new demand following the implementation of the Company's integrated technology solution in August 2010. The effective execution of promotional strategies resulting from strengthened coordination of merchandising, marketing and store operations efforts positively impacted net sales in the quarter.