Lumber Liquidator's Net Sales Fell 4% in Q2

Toano, VA, July 27, 2016—Lumber Liquidators reported net sales for Q2 2016 of $238.1 million, a decrease of 4.0% from the Q2 2015’s $248 million.

Net loss for the second quarter of 2016 was $12.2 million, or a loss of $0.45 per diluted share, as compared to a net loss of $20.3 million, or $0.75 per diluted share, during the prior year period.

The company believes the number of customers invoiced was impacted by its change in strategy from a very promotional period in the prior year to a more strategic pricing approach during the current year period. Additionally, the company believes demand for certain product categories decreased as our assortment of products did not match changes in customer trends. Non-comparable store net sales increased $8.1 million over the comparable prior year period. The company opened four new stores during the second quarter of 2016.