Brief: LL Flooring Reports Fourth Quarter And Full Year 2022 Financial Results

Ll Flooring Holdings

01/03/2023 11:27

March 1 (Reuters) - Ll Flooring Holdings Inc  LL.N :
    * LL FLOORING REPORTS FOURTH QUARTER AND FULL YEAR 2022
FINANCIAL
RESULTS
    * COMPANY CONTINUES TO NAVIGATE UNCERTAINTY IN MACROECONOMIC
ENVIRONMENT DUE TO CONSUMER CONFIDENCE, INFLATION, ETC
    * IS NOT PROVIDING FINANCIAL GUIDANCE AT THIS TIME
    * 2023 ADJUSTED GROSS MARGINS ARE EXPECTED TO IMPROVE
YEAR-OVER-YEAR, WITH A STRONGER SECOND HALF
    * EXPECTS ITS GROSS MARGIN RATE IN 2023 TO BENEFIT FROM A
GREATER
MIX OF HIGHER MARGIN PRODUCTS
    * SEES CAPITAL EXPENDITURES IN RANGE OF ABOUT $15 MILLION TO
$20
MILLION IN 2023
    * CO EXPECTS TO OPEN THREE NEW STORES IN 2023
    * Q4 EARNINGS PER SHARE VIEW $0.08, REVENUE VIEW $267.6
MILLION --
REFINITIV IBES DATA

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