Lumber Liquidators Reports Disappointing Q2 Results, Misses EPS & Revenue Estimates

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The company’s non-GAAP EPS of -$0.31 fell short of expectations by $0.16, while revenue of $240.69M was also below the forecasted amount of $258.4M. LL FLOORING ($NYSE:LL) is an American-based hardwood flooring retailer with stores across the country. The company also provides installation services to help customers get their floors installed quickly and easily. Despite its success in the industry, LL FLOORING has been hit hard by the pandemic, which has resulted in decreased sales and profit. Despite this setback, the company is looking to rebound in the coming quarters as the economy begins to recover.

Earnings

For the quarter ending December 31 2022, the company reported a total revenue of 263.87M USD and a net income loss of 15.08M USD, representing a decrease of 7.5% and 246.3%, respectively, when compared to the previous year. Over the past three years, LL FLOORING‘s total revenue has fallen from 304.21M USD to 263.87M USD, indicating a significant negative trend in the company’s financial performance. Unfortunately, the quarter’s results failed to meet both the earnings per share and revenue estimates that had been projected by analysts.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ll Flooring. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ll Flooring. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ll Flooring. More…

Key Ratios Snapshot

Some of the financial key ratios for Ll Flooring are shown below. More…

Price History

The stock opened at $3.3, but closed the day at $3.1, plunging by 13.8% from its previous closing price of $3.6. Live Quote…

Analysis

At GoodWhale, we recently conducted an analysis of LL FLOORING‘s wellbeing. We found that, according to our Risk Rating system, LL FLOORING is a medium risk investment in terms of financial and business aspects. In order to help investors make an informed decision, we identified 3 risk warnings in the income sheet, balance sheet, and financial journal. If you would like to learn more about these risk warnings and how they could affect your investment decision, please register with us to check it out. More…

Peers

– Lands’ End Inc ($NASDAQ:LE)

Lands’ End is a publicly traded company with a market capitalization of $341.08 million as of 2022. The company has a return on equity of 7.35%. Lands’ End is a retailer that specializes in selling casual clothing, luggage, and home furnishings. The company was founded in 1963 and is headquartered in Dodgeville, Wisconsin.

– Enjoy Technology Inc ($NASDAQ:ENJY)

The Children’s Place, Inc. is a children’s specialty apparel retailer in North America. As of February 3, 2018, the Company operated 1,102 stores in the United States, Canada and Puerto Rico. The Company also operated e-commerce sites at http://www.childrensplace.com and http://www.gymboree.com. In addition, it operated 117 side-by-side stores in the United States under the children’s place and Gymboree brand names as of February 3, 2018. The Company offers apparel, accessories, footwear and home furnishings for children. It designs, contracts to manufacture and sells products under the The Children’s Place, Place and babyPLACE brand names.

Summary

Revenue of $240.69M was also lower than the expected $258.4M. As a result, the stock price moved down the same day. Investors should be aware that the company may face short-term volatility in the near future. It is important to watch for trends in the company’s financials and any news that could affect its operations.

Additionally, evaluating the company’s competitive position within its sector is also important to understand how it is positioned to compete in the future.