Lumber Liquidators Reports Third Quarter YOY Loss of 11%

Toano, VA, November 4, 2015—Lumber Liquidators reported third quarter sales of $236.1 million, down 11% year over year driven by a comp store decline of 14.6%. Earnings per share was a $0.31 loss.

According to analyst Stifel, there continues to be a massive liquidation of inventory taking place with inventories being a source of cash to the tune of $65 million for the first nine months of the year. This has been the primary source of liquidity.