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LL - Lumber Liquidators: Strong Q1 2020 Performance Until COVID-19 Hit
Lumber Liquidators Holdings Inc
Lumber Liquidators (rebranded as LL Flooring) (LL) was doing quite well before COVID-19 forced some of its stores to close and significantly impacted its business. Its Q1 2020 results were trending towards the high end of full-year expectations for both comparable store sales and operating margins.
I would say that Lumber Liquidators' performance would have put it on track to reach $15 to $20 again if it wasn't for the impact of COVID-19. It appears now that $10 to $15 may be a more reasonable range. The unemployment rate is doing better than