Lumber Liquidators (LL) reported Q3 2018 results that involved positive (but below expectations) comparable store sales along with a slight reduction in comps guidance for the full year. This slowdown in sales growth was partly caused by a reduction in advertising spend and depth of promotions, which resulted in Lumber Liquidators doing fairly well in terms of operating margins for the quarter.
Slowdown In Comps Growth
Lumber Liquidators reported disappointing Q3 2018 comparable store sales growth, ending up at +2.1% for the quarter. This was lower than its comps growth in the previous