LL - Lumber Liquidators EPS beats by $0.20 beats on revenue

Lumber Liquidators (NYSE:LL): Q2 Non-GAAP EPS of $0.41 beats by $0.20; GAAP EPS of $0.41 beats by $0.16. Revenue of $301.4M (+30.9% Y/Y) beats by $3M. Adjusted gross margin rate of 37.4% vs. a consensus of 36.9%. Total comparable store sales increased 31.3% versus the same period last year. "For the foreseeable future, there remains uncertainty in the macro environment related to consumer spending as well as global supply chain disruptions, and the potential impact of the COVID-19 Delta variant. As a result, while we are pleased with the traction we are gaining on our transformation initiatives, we are not providing financial guidance at this time. However, we believe it is prudent to plan for slowing comparable sales on a two-year stack basis for the second half of 2021 compared to the 10% two-year stack comparable sales we delivered in the second quarter". Press Release

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Lumber Liquidators EPS beats by $0.20, beats on revenue