At this time, I would like to welcome everyone to the Lumber Liquidators Second Quarter 2021 Conference Call. Today, I am joined by Charles Tyson, our President and Chief Executive Officer; and Nancy Walsh, our Chief Financial Officer.
Lumber Liquidators (LL) delivered earnings and revenue surprises of 32.26% and 0.87%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Lumber Liquidators shares rose 4.5% in premarket trade Wednesday, after the flooring retailer . Richmond, Va.-based Lumber Liquidators posted net income of $11.9 million, or 41 cents a share, up from $2.6 million, or 9 cents a share, in the year-earlier period. Adjusted per-share earnings came to 41 cents, ahead of the 19 cents FactSet consensus. Sales for 30.9% to $301.4 million, ahead of the $297.0 million FactSet consensus, driven by strong professional customer and services sales. Same-store