LL - LL Flooring Non-GAAP EPS of -$1.28 misses by $0.87 revenue of $236.42M misses by $21.48M

2023-08-09 06:01:40 ET

• LL Flooring press release ( NYSE: LL ): Q2 Non-GAAP EPS of -$1.28 misses by $0.87 .
• Revenue of $236.42M (-20.9% Y/Y) misses by $21.48M .
• Net sales of $236.4 million decreased $62.5 million, or 20.9%, versus the second quarter of 2022, driven by a decrease in transaction count reflecting by lower spending by consumers and Pros.
• Total comparable store sales decreased 22.2% versus the same period last year.

• 2023 Business Outlook

• Capital expenditures in the range of approximately $15 million to $20 million in 2023, primarily to support the new distribution center, productivity investments, maintenance CapEx and three store openings.

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