Nov. 8, 2022
LL Flooring Sales Down
LL Flooring Holdings, Inc. had net sales of $268.8 million in the third quarter of 2022, a decrease of 4.8 per cent over net sales of $282.2 million in the third quarter of 2021. Comparable store sales decreased 7.3 per cent year over year. The company had a loss before taxes of $4.8 million compared to income before taxes of $12 million in the year-ago period. Third quarter results were primarily due to continued lower spending by consumers which largely reflected continued pressure from inflation and higher interest rates.