LL News

Lumber Liquidators (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America, today announced the appointment of Matthew T. Argano, Ph.D. as the Company's Chief Human Resources Officer effective April 20, 2020.

The number of U.S. cases of the coronavirus that causes COVID-19 moved closer to 800,000 on Monday, as President Donald Trump offered support for protesters flouting state and local government rules on staying-at-home in an effort to contain the spread.

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Lumber Liquidators (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America, announced today that Charles E. Tyson has been named President and Chief Executive Officer, and has been appointed to the Company's Board of Directors, effective May 27, 2020. Mr. Tyson was appointed Interim President and Principal Executive Officer on February 5, 2020. Mr. Tyson will report to the Board of Directors.

It's nice to see the Lumber Liquidators Holdings, Inc. (NYSE:LL) share price up 25% in a week. But spare a thought for...

Lumber Liquidators (LL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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Lumber Liquidators (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America, today provided an update related to COVID-19 and the Company's operations.

When it comes to valuation metrics, though P/E and P/S are the first choices, the P/B ratio is also emerging as a convenient tool for identifying low-priced stocks that have high-growth prospects.

Lumber Liquidators Holdings Inc. [: ll] reported Thursday a first-quarter profit that was well above expectations, but sales that were well below, including a surprise decline in same-store sales given the effects of the COVID-19 pandemic. The wood flooring company swung to net income of $12.2 million, or 42 cents a share, from a loss of $4.9 million, or 17 cents a share, in the year-ago period. Results included a tax benefit of $4.4 million, compared with an expense of $0.2 million last year, as provisions of the CARES Act allowed the company to carryback certain losses and deduct certain capital expenditures. Excluding non-recurring items, adjusted earnings per share c came to 44 cents, compared with the FactSet consensus of 3 cents. Sales rose to $238.8 million from $237.9 million, missing the FactSet consensus of $272.2 million. Same-store sales fell 0.9%, compared with the FactSet consensus of a 0.9% decline. Sales were up about 4% fourth the week ended March 21, then fell 45% in the final week of the quarter due to the pandemic. Same-store sales for the current quarter to date are down about 30%, while the FactSet consensus for the full second quarter is an 11% decline. "As of today, approximately 60% of our stores are fully operational, approximately 25% are scheduling appointments to allow customers to visit our showrooms, and approximately 15% are utilizing our warehouse-only model while less than 10 remain closed," said Chief Executive Charles Tyson. The stock, which was still inactive in premarket trading, has lost 2.6% over the past three months, while the S&P 500 has gained 2.8%.

Q4 2019 Lumber Liquidators Holdings Inc Earnings Call

Lumber Liquidators (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America, today announced that it intends to release first quarter 2020 results on Thursday, May 28, 2020.

Lumber Liquidators (NYSE: LL) today announced that, due to public health concerns relating to the COVID-19 pandemic, and to protect the health and well-being of its stockholders, directors and employees, Lumber Liquidators' 2020 Annual Meeting of Stockholders (the "Annual Meeting") will now be held virtually at 10:00 a.m. Eastern Time on May 20, 2020. The virtual meeting will provide stockholders the ability to participate, vote their shares and ask questions during the meeting.

The Zacks Analyst Blog Highlights: Legg Mason, Harmony Gold Mining Company, Lumber Liquidators, Charah Solutions and Barrick Gold

Shares of discount flooring retailer Lumber Liquidators (NYSE: LL) rose 50.3% in April, according to data provided by S&P Global Market Intelligence. Shares of Lumber Liquidators had fallen 52.1% in March as investors grew concerned about the novel coronavirus and its impact on retail sales. New hardwood flooring seemed to be exactly the kind of discretionary purchase that would be easy to delay.

Lumber Liquidators Holdings Inc. said Monday it is taking a series of measures to enhance liquidity and manage costs as it grapples with the impact of the coronavirus pandemic. The hardwood flooring retailer said it is cutting costs, managing inventory flow, deferring payments and working with lenders to temporarily expand its credit facility. The company's same-store sales were up about 4% in the quarter through the week of March 21, but took a dive as the virus began to take hold to end the quarter down about 1%. "Despite softening sales in late March, gross margin percent increased in the quarter versus first quarter last year driven by margin optimization and supply chain efficiency efforts," said the company. Lumber Liquidators is planning to take advantage of the SEC's extended filing deadline for the first quarter and is still evaluating the CARES Act and any impact on results. It expects to file earnings and its 10-Q the week of May 25. Because of the uncertainty created by the virus, it is withdrawing 2020 financial guidance that was provided on Feb. 25. The company is furloughing about 300 store associates and reducing hours at its distribution centers. Most of its stores are offering curbside pickup and delivery only and are reducing opening hours and closing on Sundays. Furloughed workers will receive two weeks of pay and have the chance to use up to 80 hours of paid time off. Executives are taking a 25% pay cut, while the board is taking a 30% cut in cash payments. The company has increased its senior asset-based revolving credit facility to $212.5 million from $175.0 million, increasing the total availability under its senior secured credit facilities to $237.5 milion from $200 million. As of April 17, it had liquidity of about $120 million, including about $41 million in cash and cash equivalents. Shares were not yet active premarket, but have fallen 44% in the year to date, while the S&P 500 has fallen 11%.