Lumber Liquidators Nearly Doubles 1Q Income

Toano, VA, April 24, 2013 -- Lumber Liquidators reported that its first-quarter net income almost doubled.

The flooring retailer reported earnings of $15.8 million, or $0.57 per share, for the quarter ended March 31, up from $8.2 million, or $0.29 per share, a year ago.

Revenue rose more than 22% to $230.4 million.

The company reported more foot traffic and higher average sales.

Revenue at stores open at least a year increased more than 15%.