LL Flooring, formerly Lumber Liquidators, reported a net income decline of 5% in the first quarter of 2021, falling to $10.6 million compared with a net income of $12.2 million in the first quarter of 2020.
Net sales increased 6.0% to $285.5 million, and comparable store sales increased 6.9%. Earnings per share fell from $0.42 to $0.36.
The company opened three new stores and closed one store during the quarter, bringing its total count to 412 locations as of March 31.
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