LL Flooring Inc. , the wood flooring company formerly called Lumber Liquidators, posted weaker-than-expected second-quarter earnings on Wednesday and sales that fell short of estimates, as inflation and higher interest rates crimped consumer spending. The company had net income of $2.7 million, or 9 cents a share, for the quarter, down from $11.9 million, or 41 cents a share, in the year-earlier period. Adjusted per-share earnings came to 13 cents, below the 23 cent FactSet consensus. Sales fell
Lumber Liquidators (LL) delivered earnings and revenue surprises of -48% and 2.62%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
RICHMOND, Va., August 03, 2022--LL Flooring Holdings, Inc. ("LL Flooring" or "Company") (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America, today announced financial results for the second quarter ended June 30, 2022.