LL Flooring Reports Sales Increased, Income Decreased in Q1

Richmond, VA, May 6, 2021-LL Flooring (formerly Lumber Liquidators) reported net sales of $283.5 million for Q1 2021, a 6.0% increase from Q1 2020’s $267.4 million.

Comparable store sales for Q1 2021 increased 6.9% from the first quarter of 2020. Net merchandise sales increased 4.7%, while net services sales (install and freight) increased 16.8% over the prior year.

Net income for Q1 2021 decreased 13% to $10.6 million, compared to $12.2 million for Q1 2020.

During the first quarter of 2021, the company opened three new stores and closed one store, bringing total store count to 412 as of March 31.