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. (NYSE: LL) is a leading specialty retailer of hardwood flooring, offering premium products through direct mill relationships. This page provides investors and industry professionals with essential updates about the company’s operational developments and market position.
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Discover updates on inventory expansion, quality control improvements, and retail strategy adjustments. Content is organized to highlight material developments while maintaining compliance with financial disclosure standards.
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LL Flooring has partnered with the National Flooring Contractors Apprenticeship Program (NFCAP) to address the growing need for flooring installers as nearly 200,000 contractors are expected to retire in coming years. Announced at the Flooring Contractors Association conference in Austin, Texas, this collaboration will provide apprentices with mentorship, curriculum support, and financial assistance, reinforcing LL Flooring's commitment to quality installation services. The program is active in California and Texas and aims for approval in Florida, Illinois, and Nevada.
LL Flooring (NYSE:LL) has opened six new stores, expanding its total to 422 locations. The new showroom-only stores enhance the customer experience, offering over 500 flooring varieties, including water-resistant vinyl and hardwood options. Each store features Design Centers equipped with video collaboration tools to assist customers in selecting the appropriate flooring. Services include professional installation and convenient delivery options. The new store locations span across Florida, Massachusetts, Virginia, Texas, and Tennessee, catering to both DIYers and professionals.
Lumber Liquidators (LL) reported strong Q2 2021 financial results, showing a 30.9% increase in net sales to $301.4 million compared to Q2 2020. Comparable store sales grew 31.3%, with a significant operating margin expansion of 290 basis points. The company's diluted EPS was $0.41, up from $0.09 in Q2 2020. Despite these positive results, LL noted caution regarding ongoing supply chain disruptions and opted not to provide financial guidance for the near term, anticipating slower growth in the second half of 2021.
Lumber Liquidators (NYSE: LL) has appointed Ashish Parmar to its Board of Directors effective July 22, 2021. He will also join the Audit Committee from September 1, 2021. President Charles Tyson emphasized the importance of advancing digital capabilities and enhancing the omnichannel experience as part of the company’s transformation strategy for sustained growth. Parmar brings over 20 years of experience in technology leadership, particularly in digital transformations, and has served at Tapestry, Inc., overseeing technology strategy and operations.
Lumber Liquidators (LL Flooring) (NYSE: LL) plans to release its second quarter 2021 financial results on August 4, 2021. A conference call and audio webcast are scheduled for 8:00 a.m. ET on the same day, accessible at (844) 200-6205 or (646) 904-5544. A replay will be available until August 11, 2021. LL Flooring operates 416 stores in North America and offers over 500 varieties of flooring products, including vinyl, hardwood, laminate, and more, focusing on quality customer experiences both online and in stores.
LL Flooring, previously known as Lumber Liquidators, is set to open two new stores in Beckley, West Virginia, and Hattiesburg, Mississippi, on June 28, growing its footprint to 416 locations across the U.S. Each store will feature a Design Center equipped with video capabilities and the 'Picture It' floor visualizer, enhancing customer experience. CEO Charles Tyson highlighted the company’s commitment to providing a wide selection of flooring options and expert guidance from inspiration to installation, catering to both homeowners and professionals.
LL Flooring has announced the opening of its new store in Medford, New York, marking its second location on Long Island and 414th nationwide. The store features a Design Center with video capabilities, allowing customers to visualize flooring options using the Picture It floor visualizer. The retailer offers over 500 varieties of flooring, including hardwood, laminate, and vinyl. LL Flooring emphasizes customer service, providing tools for builders and DIY enthusiasts, plus professional installation options. Store hours are weekdays 9 a.m. - 7 p.m., and weekend hours vary.
Lumber Liquidators (LL Flooring) reported first-quarter 2021 results showing a 6.0% increase in net sales to $283.5 million compared to the previous year. Comparable store sales rose 6.9%. Despite a decrease in net income to $10.6 million from $12.2 million, operating income improved to $13.1 million. The company opened three new stores, resulting in a total of 412 locations. Liquidity increased to $239.9 million, while the credit agreement was amended to enhance financial flexibility. However, the company refrained from providing financial guidance for 2021 due to uncertainties.
Lumber Liquidators (LL Flooring) announced plans to release its first quarter 2021 financial results on May 5, 2021. A conference call will be held at 8:00 a.m. Eastern Time on the same day, accessible via phone or audio webcast. The company will also provide a replay of the call until May 12, 2021. LL Flooring operates 410 stores across North America and offers a broad selection of flooring, including vinyl plank, hardwood, and tile. The company emphasizes exceptional customer service both online and in physical stores.
Lumber Liquidators (LL Flooring) announced its Q4 and full-year 2020 financial results, showcasing a strong performance with net sales reaching $1.1 billion for the year and a 10.5% increase in comparable sales in Q4. The gross profit rose to $117.9 million but was offset by a slight drop in gross margin to 38.8%. Net income for Q4 hit $31.1 million, a significant increase from $16.4 million year-over-year. Despite store closures, the company improved its liquidity to $213.9 million. However, uncertainty remains due to COVID-19 and supply chain issues, leading to the decision to not provide guidance for 2021.
