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Apr 19, 2024

Grand News Network / November 8, 2023

Hard-Surface Flooring Retailer LL Flooring Dodges Guidance: Here's Why

LL Flooring Holdings, Inc (NYSE: LL) reported a third-quarter FY23 sales decline of 19.7% year-on-year to $215.85 million, beating the consensus of $212.80 million.

Sales decline was attributed to a decrease in transaction count, reflecting lower spending by consumers and Pros.

Total comparable store sales decreased 20.5% versus the same period last year.

Adjusted EPS loss expanded to $(0.78) from $(0.14) in 3Q22, missing the consensus of $(0.57).

Gross profit declined 28.3% Y/Y to $68.5 million, and gross margin contracted 390 ...

Full story available on Benzinga.com


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