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.
Related Topics:Lumber Liquidators