LL Flooring Holdings, Inc. - LL STOCK NEWS

LL Flooring (NYSE:LL) has expanded its retail presence by opening three new stores in Abilene, Texas; Mundelein, Illinois; and Prescott Valley, Arizona. With these additions, the company now operates 440 locations across the U.S. Each new store features a team of flooring experts and Design Centers to assist customers in choosing from over 500 high-quality flooring options. The stores also include advanced tools like the Picture It! floor visualizer and offer professional installation services, enhancing customer experience and support for both retail and professional clients.

LL Flooring Holdings reported a net sales decline of 4.8% year-over-year to $268.8 million for Q3 2022, primarily due to a 7.3% drop in comparable store sales. This decline reflects reduced consumer spending, attributed to inflation and rising interest rates. However, the Company experienced double-digit growth in sales to Pro customers, marking six consecutive quarters of Pro sales momentum. The operating margin decreased to (1.5%), with a loss per diluted share of $0.13. Despite these challenges, LL Flooring plans to open 18 new stores in 2022 and is focused on improving brand awareness.

LL Flooring Holdings, a top retailer of hard-surface flooring in North America, is set to release its third quarter 2022 financial results on November 2, 2022. The company will host a conference call at 8:00 a.m. Eastern Time on the same day, accessible via phone or webcast. A replay will be available until November 9, 2022. With over 430 stores across the country and a wide array of flooring options, LL Flooring aims to enhance customer experience both online and in-store. The company focuses on offering quality products and expert advice from its knowledgeable staff.

LL Flooring Holdings reported its second quarter financial results for 2022, noting a 0.8% decline in net sales year-over-year, totaling $299 million. Comparable store sales fell 3.1%, impacted by inflation and changing consumer priorities. Gross margin decreased 170 basis points to 35.7%, while adjusted operating margin dropped 360 basis points to 2.0%. The company expanded its footprint, opening six new stores, and ended the quarter with $187 million in liquidity. Although cautious about consumer spending, LL Flooring remains committed to long-term growth strategies.

LL Flooring, a leading North American specialty retailer of hard-surface flooring, will announce its second quarter 2022 financial results on August 3, 2022. The conference call is scheduled for 8:00 a.m. Eastern Time, accessible at (844) 200-6205 or (646) 904-5544 with pin 900530. A replay will be available until August 10, 2022, via (929) 458-6194, pin 229986. LL Flooring operates 437 stores and offers over 500 varieties of flooring solutions, aimed at providing excellent customer service and expert advice.

LL Flooring, a leading specialty retailer of high-quality hard-surface flooring, has announced the opening of six new stores across Georgia, Michigan, New Jersey, North Carolina, Virginia, and Wisconsin. This expansion increases its total store count to 437 for 2022, having opened 13 new locations to date. The new stores feature Design Centers, offering over 500 varieties of flooring, including waterproof options. These centers allow customers to visualize their choices using the Picture It floor visualizer, enhancing the shopping experience.

LL Flooring Holdings, a leading North American retailer of hard-surface flooring, will present at two upcoming investor conferences. The Baird Global Consumer, Technology & Services Conference is scheduled for June 7, 2022, at 3:45 pm ET. The Evercore ISI Consumer and Retail Conference follows on June 8, 2022, at 11:45 am ET. Both presentations will be webcast live on the Company's investor relations website and archived for 90 days. LL Flooring operates over 430 stores and offers a variety of flooring options, emphasizing customer experience and expert assistance.

LL Flooring is collaborating with the National Flooring Contractors Apprenticeship Program (NFCAP) to launch a new training facility at the Gary Job Corps Center in San Marcos, Texas. This initiative aims to train apprentices for careers in flooring installation, addressing the industry’s labor shortage. The pre-apprenticeship program will connect students with LL Flooring's network of independent contractors, enabling hands-on experience with quality flooring products. This partnership marks LL Flooring as the first national retailer to support NFCAP, contributing resources and mentorship to enhance skilled labor in the flooring sector.

LL Flooring Holdings, Inc. (NYSE: LL) announced its financial results for Q1 ended March 31, 2022, reporting net sales of $279 million, a 1.6% decline from the previous year. Comparable store sales decreased 3.6%, although there was a 4.1% rise in net services sales. Operating margin stood at 1.8%, down 280 basis points year-over-year. The company opened seven new stores, raising the total to 431. Liquidity reached $231 million. Future guidance remains cautious due to inflation and supply chain challenges, but management anticipates improved comparable store sales growth for Q2.