LL Flooring's 2Q 2021 net sales of $301.4 million increased 30.9% compared to the same period last year and 4.4% compared to the 2Q 2019, driven primarily by strong pro customer and services sales.
2Q 2021 gross margin of 37.4% decreased 90 basis points as a percent of sales compared to the same period last year and increased 190 basis points compared to the 2Q 2019.
2Q 2021 operating margin of 5.5% increased 290 basis points compared to the 2Q of last year and 600 basis points compared to the 2Q 2019; Adjusted operating margin of 5.6% increased 280 basis points compared to the 2Q of last year, and 440 basis points compared to the 2Q 2019.
President and CEO Charles Tyson said. “We delivered comparable sales growth of 31.3% and operating margin expansion of 290 basis points versus the 2Q 2020. We also delivered comparable sales growth of 10% on a two-year stack basis and grew our operating margin by 600 basis points versus the 2Q 2019. Our strong sales and profitability results were driven by increasing traction on our transformation initiatives as well as continued strong demand for home improvement projects and consumers’ growing comfort allowing contractors into their homes as the economy recovers from the COVID-19 pandemic.”
LL Flooring is one of North America’s leading specialty retailers of hard-surface flooring.
