Lumber Liquidators’ net sales for the 1Q 2019 increased $4.4 million, or 1.7%, to $266 million as compared to the 1Q 2018, as the company said in the press release received by Lesprom Network.
Gross profit decreased 1.4% in the 1Q 2019 to $94 million as compared to the comparable period in 2018. Gross margin decreased to 35.2% in the 1Q 2019 from 36.3% in the 1Q 2018, primarily driven by higher tariff costs on products originating in China, which were partially offset by an improved mix of higher-margin manufactured products and lower warranty costs.
Operating loss was $3.4 million and $1.4 million for the three months ended March 31, 2019 and 2018, respectively.
Net loss for the three months ended March 31, 2019 was $4.9 million, or $0.17 per diluted share, compared to a net loss of $2 million, or $0.07 per diluted share, for the three months ended March 31, 2018.
Lumber Liquidators is one of North America's leading specialty retailers of hard-surface flooring.
