Welcome to our dedicated page for LL Flooring Holdings news (Ticker: LL), a resource for investors and traders seeking the latest updates and insights on LL Flooring Holdings stock.
LL Flooring Holdings, Inc. (symbol: LL) is a leading specialty retailer in the hardwood flooring industry across North America, with a significant presence in the U.S. and Ontario, Canada. Established in 1994 by Tom Sullivan, the company initially started by offering surplus building materials at discounted prices. Recognizing a gap in the market for affordable hardwood flooring, the company pivoted to directly sourcing from vendors and mills, providing high-quality assortments at everyday low prices.
LL Flooring's product range is extensive, including domestic and exotic hardwood species, engineered hardwood, laminate, resilient-vinyl, bamboo, and cork flooring. Additionally, the company offers a variety of flooring enhancements and accessories such as moldings, noise-reducing underlay, adhesives, and flooring tools. These products cater to a wide array of customers, including DIY (do-it-yourself), DIFM (do-it-for-me), and commercial clients.
The firm operates through its retail store operations segment, which contributes a significant portion of its revenue, primarily from laminate, vinyl, engineered vinyl plank, and porcelain tile. The Bellawood brand, known for its premium quality, is a core offering of LL Flooring.
In recent years, LL Flooring Holdings has focused on expanding its product lines and enhancing customer experience through superior service. The company’s strategy includes opening new retail locations, improving online platforms, and forming strategic partnerships to boost its market presence. Financially, LL Flooring continues to show resilience, adapting to market trends and consumer demands effectively.
The latest news on LL Flooring Holdings, Inc. highlights ongoing projects, financial performance, and strategic initiatives aimed at strengthening their market position. This includes collaboration with suppliers to ensure sustainable sourcing and introducing innovative flooring solutions to meet evolving customer needs.
LL Flooring, a leading retailer of hard-surface flooring in North America, will release its first quarter 2022 financial results on May 4, 2022. An audio conference call is scheduled for 8:00 a.m. Eastern Time on the same day. Interested parties can join by calling (844) 200-6205 or (646) 904-5544, using pin 995986. A replay will be available until May 11, 2022. LL Flooring operates 431 stores and offers over 500 types of flooring, including waterproof vinyl, hardwood, and laminate.
LL Flooring (NYSE:LL) announced the opening of seven new stores across Alabama, Florida, Indiana, Massachusetts, New Jersey, North Carolina, South Dakota, and Wisconsin during Q1 2022. This expansion increases its retail footprint to 431 stores nationwide. The new locations feature expert teams and Design Centers to enhance customer experience. Offering over 500 flooring types, including waterproof vinyl and hardwood, the stores also support customers with professional installation services. LL Flooring aims to deliver quality products and engaging shopping experiences for retail customers and professionals alike.
LL Flooring Holdings announced its financial results for 2021, reporting a 5% increase in net sales to $1.15 billion and a 5.2% growth in comparable store sales. The company achieved record sales to Pro customers and plans to reach $1.5 billion in net revenue by 2024, with an expanded operating margin. The board also increased the share repurchase program to $50 million. Despite a 6.2% decline in Q4 sales year-over-year, the company maintains a strong balance sheet with $227.2 million in liquidity and anticipates growth in 2022, with expected new store openings.
LL Flooring, a leading hard-surface flooring retailer in the U.S., plans to release its fourth quarter 2021 financial results on February 23, 2022.
The company will host a conference call at 8:00 AM Eastern Time the same day, which can be accessed by calling (844) 200-6205. A replay will be available until March 2, 2022. LL Flooring operates over 420 stores and offers more than 500 flooring varieties, focusing on customer experience with in-store experts and online tools.
LL Flooring has announced the opening of two new stores in Visalia, California, and Yakima, Washington, bringing its total to 15 new locations in 2021. The stores will feature Design Centers to aid customers and professionals in selecting flooring options. LL Flooring offers over 500 varieties of high-quality flooring products, including waterproof vinyl and hardwood options. The CEO, Charles Tyson, expressed excitement about providing excellent shopping experiences and professional installation services to customers.
Lumber Liquidators Holdings, Inc. is set to rebrand as LL Flooring Holdings, Inc. on
LL Flooring has launched an innovative category of flooring called Duravana, which combines premium performance with style. This eco-friendly flooring is 100% PVC-free and crafted from wood sourced from responsibly managed forests. Duravana features advanced waterproof and dent protection, alongside a unique water-tight locking mechanism. The flooring offers a range of styles resembling natural hardwood, while also being DIY-friendly and easy to install. Customers can choose from various hues and patterns tailored to their home environments.
Lumber Liquidators (LL Flooring) reported its third-quarter financial results for 2021, showing net sales of $282.2 million, a 4.6% decline year-over-year, but a 6.9% increase compared to Q3 2019. Notably, sales to Pro customers grew, though DIY sales dropped due to shifts in consumer spending. Gross margin fell to 37.3%, and diluted EPS decreased to $0.30. The company plans to enhance growth by opening more stores and expanding Pro customer investments. However, it faces challenges from supply chain issues and a difficult consumer environment, prompting a lack of financial guidance.
Lumber Liquidators (LL Flooring) plans to announce its third quarter 2021 financial results on November 3, 2021. The conference call will begin at 8:00 a.m. Eastern Time, accessible at (844) 200-6205 or (646) 904-5544 with pin 087906. A replay will be available until November 10, 2021, by calling (929) 458-6194 with pin 673066. The live event and replay can be accessed via audio webcast at www.LLFlooring.com. As of September 30, 2021, LL Flooring operates 422 stores offering various hard-surface flooring products.
FAQ
What is the current stock price of LL Flooring Holdings (LL)?
What is the market cap of LL Flooring Holdings (LL)?
What does LL Flooring Holdings, Inc. specialize in?
Who are the primary customers of LL Flooring?
What is the Bellawood brand?
How does LL Flooring source its products?
In which regions does LL Flooring operate?
What additional products does LL Flooring offer?
How did LL Flooring start?
What makes LL Flooring competitive in the market?
What recent initiatives has LL Flooring undertaken?
Where can I get the latest updates on LL Flooring Holdings, Inc.?
