Brief: LL Flooring Holdings Not Providing Financial Guidance At This Time

Ll Flooring Holdings

08/11/2023 11:04

Nov 8 (Reuters) - LL Flooring Holdings Inc  LL.N :
    * LL FLOORING HOLDINGS INC: IS NOT PROVIDING FINANCIAL
GUIDANCE AT
THIS TIME
    * LL FLOORING: CONTINUES TO NAVIGATE UNCERTAINTY IN
MACROECONOMIC
ENVIRONMENT DUE TO CONSUMER CONFIDENCE, INFLATION, ETC
    * LL FLOORING HOLDINGS INC: EXPECTS FULL YEAR REVENUES TO
CONTINUE
TO BE CHALLENGED DUE TO MACRO UNCERTAINTY
    * LL FLOORING: IMPLEMENTED NEW DISCIPLINED APPROACH THROUGH
WHICH
WE IDENTIFIED 8 UNDERPERFORMING STORES WE WILL BE CLOSING IN
2023 AND EARLY 2024
    * LL FLOORING: EXPECTS TO INCUR EXPENSE BETWEEN $2 MILLION
AND $3
MILLION TO CLOSE STORES, WITH ABOUT $1.7 MILLION OF THIS EXPENSE
RECORDED IN Q3 OF 2023
    * LL FLOORING HOLDINGS INC: EXPECT TO SPEND ABOUT $20
MILLION IN
2023 PRIMARILY TO SUPPORT OUR STRATEGIC INVESTMENTS

Source text for Eikon:  ID:nBw9S0zXFa 
Further company coverage:  LL.N 

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