LL Flooring, formerly Lumber Liquidators, reported a net income of $41.7 million in fiscal 2021, a 32% decline from 2020’s $61.4 million.
The company’s net sales increased 5.0% for the fiscal year to $1.1 billion.
“I am very proud of all that our associates accomplished in 2021 to deliver annual comparable store sales growth of 5.2% and excellent service to our customers throughout a second year marked by unprecedented macroeconomic uncertainty and supply chain turbulence,” President and CEO Charles Tyson said in a statement.
LL Flooring’s fourth quarter 2021 sales declined 6.2% compared with the same period last year.
The full report can be found here.
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