LL - Lumber Liquidators: Sales Growth Shows Signs Of Faltering Although Margins Remain Strong

• Lumber Liquidators reported +6.9% comps in Q1 2021, down from +10.5% in Q4 2020.
• Q1 2021 also had an easier comparison due to the pandemic affecting Q1 2020 sales by close to 5%.
• The winter storms and ongoing supply chain challenges were highlighted as causes of the weaker sales growth.
• Adjusted operating margins remained strong at 5.1% in Q1 2021.
• Estimated share value is trimmed slightly due to the increased uncertainty about its growth trajectory.

For further details see: