Lumber Liquidators Offers Q1 Outlook, Adds It Is 'Unable' To Provide Full Year Guidance

In an 8-K filing on Thursday, Lumber Liquidators Holdings Inc (NYSE: LL) provided first quarter guidance but omitted a full year outlook, noting it is "unable to currently forecast full year 2015 net sales or profitability."

Lumber Liquidators said that it expects first quarter sales to be $253.6 million to $265.6 million, short of the $276 million analysts were expecting.

Shares were up more than 5 percent in the premarket.

The company also added that it expects first quarter comps to fall in a range of -4.4 percent to +0.5 percent. A full year forecast was also not provided.

For the full year 2015, the company expects to open 25 to 35 new stores and remodel 10 to 20 existing locations.

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Lumber Liquidators noted that in an "extreme case" example, net sales would have to fall below $585 million for the nine-month period ended December 31, 2015, before it would reduce available cash to zero, and seek liquidity from a revolving credit facility or implore alternative financing methods.

Finally, the company expects to provide an update on first quarter 2015 net sales shorty after quarter-end, and full quarterly results later in April.

Lumber Liquidators will host a conference call on Thursday at 10:00 a.m. ET.