Published on 9 Aug 2023 on Market Watch
LL Flooring’s stock slides 3% premarket as retailer posts wider-than-expected loss
LL Flooring Holdings Inc.’s stock LL slid 3% in premarket trade Wednesday, after the former Lumber Liquidators posted a wider-than-expected second-quarter loss and revenue that fell short of estimates. The company had a net loss of $39 million, or $1.35 a share, for the quarter, after income of $2.7 million, or 9 cents a share, in the year-earlier period. The company’s adjusted loss per share came to $1.28, wider than the FactSet consensus for a loss of 41 cents a share. Sales fell 20.9% to $236.4 million, also below the $258.0 million FactSet consensus. “Our second quarter performance primarily reflected the continued...