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