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LL - Lumber Liquidators: The Impact Of 25% Tariffs
Lumber Liquidators Holdings Inc
Lumber Liquidators (LL) reported Q1 2019 results that were around what was expected. However, the escalating trade war with China and the implementation of the 25% tariff rate on Chinese-made flooring have served to significantly weigh on the stock in recent days.
Q1 2019 Performance
Lumber Liquidators' Q1 2019 performance was largely as expected. The company reported -0.8% comps during the quarter and left its full-year guidance for flat to low-single digits comps growth (and mid-single digits total sales growth) intact. Lumber Liquidators' Q1 2018 sales benefited from the Hurricane Irma and Harvey