Brief: Ll Flooring Reports Fourth Quarter And Full Year 2021 Financial Results

Ll Flooring Holdings

23/02/2022 11:11

Feb 23 (Reuters) - Ll Flooring Holdings Inc  LL.N :
    * LL FLOORING REPORTS FOURTH QUARTER AND FULL YEAR 2021
FINANCIAL
RESULTS
    * Q4 ADJUSTED EARNINGS PER SHARE $0.35
    * QTRLY NET SALES OF $285.3 MILLION DECREASED 6.2% COMPARED
TO
SAME PERIOD LAST YEAR
    * QTRLY TOTAL COMPARABLE STORE SALES DECREASED 6.7% VERSUS
SAME
PERIOD LAST YEAR
    * EXPECT Q1 COMPARABLE STORE SALES TO IMPROVE SLIGHTLY ON
PERCENTAGE BASIS FROM Q4 2021
    * LL FLOORING HOLDINGS - EXPECT COMPARABLE STORE SALES TO
IMPROVE
FOR Q2 VERSUS Q1 OF 2022, AND TO SHOW POSITIVE GROWTH FOR FULL
YEAR 2022
    * EXPECTS TO INVEST $50 MILLION TO $70 MILLION TO REBUILD
INVENTORY IN 2022

Source text for Eikon:  ID:nBw5h8nS3a 
Further company coverage:  LL.N 

 ((Reuters.Briefs@thomsonreuters.com;))