LL - LL Flooring Posts Q1 Earnings Below Estimates As Interest Rate And Inflation Bite; Dodges Outlook | Benzinga
LL Flooring Holdings, Inc (NYSE:LL) reported a first-quarter FY24 sales decline of 21.7% year-on-year to $188.49 million, missing the analyst consensus estimate of $218.6 million.
Comparable store sales decreased 21.5% versus last year, reflecting continued declines in traffic and lower average project sizes from its consumer and Pro customers.
Adjusted EPS loss of $(1.04) missed the consensus estimate of $(0.27).
Gross margin expanded ...