Lumber Liquidators’ net sales for the 3Q 2019 decreased $6.5 million, or 2.4%, to $264 million as compared to the 3Q 2018. Gross profit decreased 5% in the 3Q 2019 to $96 million as compared to $101 million in the comparable period in 2018.
Gross margin decreased to 36.2% in the 3Q 2019 from 37.2% in the 3Q 2018. Both years were impacted by antidumping rate changes but in opposite directions.
Operating income was $2.2 million and $6.7 million for the three months ended September 30, 2019 and 2018, respectively.
Net income for the three months ended September 30, 2019 was $1 million, or $0.04 per diluted share, compared to net income of $5.9 million, or $0.21 per diluted share, for the three months ended September 30, 2018.
Lumber Liquidators is one of North America's leading specialty retailers of hard-surface flooring.
