LL - Lumber Liquidators Non-GAAP EPS of $0.35 beats by $0.11 revenue of $285.28M misses by $10.22M

Lumber Liquidators press release (NYSE:LL): Q4 Non-GAAP EPS of $0.35 beats by $0.11. Revenue of $285.28M (-6.2% Y/Y) misses by $10.22M. During the fourth quarter, the Company opened two new stores, bringing total stores to 424 as of December 31, 2021. Operating margin of 3.8% decreased 220 basis points compared to the fourth quarter of last year and decreased 330 basis points compared to the fourth quarter of 2019 2022 Outlook: The Company expects SG&A as a percent of sales to increase in 2022 compared to 2021, reflecting an investment year in support of its plan to grow net sales to $1.5 billion by 2024. The Company expects to invest $50 million to $70 million to rebuild inventory in 2022. The Company expects capital expenditures in the range of approximately $28 million to $32 million, primarily to support growth strategies such as new stores. The Company expects to open 20 to 25 new

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Lumber Liquidators Non-GAAP EPS of $0.35 beats by $0.11, revenue of $285.28M misses by $10.22M