LL - Lumber Liquidators Non-GAAP EPS of $0.13 misses by $0.03 revenue of $279.03M misses by $2.37M

Lumber Liquidators press release (NYSE:LL): Q1 Non-GAAP EPS of $0.13 misses by $0.03. Revenue of $279.03M (-1.6% Y/Y) misses by $2.37M. Comparable store sales decreased 3.6% from the first quarter of 2021, but increased 3.3% on a two-year stack basis. The decrease in comparable store sales primarily reflected the same drivers as the change in net sales Operating margin of 1.8% decreased 280 basis points compared to the first quarter of last year; Adjusted operating margin1 of 1.7% decreased 340 basis points compared to the first quarter of last year, primarily reflecting increased SG&A as a percent of net sales and lower gross margin Outlook 2022: The Company continues to expect comparable store sales for the second quarter to improve on a percentage basis versus the first quarter of 2022, and to show positive growth for the full year 2022 The Company’s outlook for net sales and comparable store sales growth

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Lumber Liquidators Non-GAAP EPS of $0.13 misses by $0.03, revenue of $279.03M misses by $2.37M