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

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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.

See Also: Lumber Liquidators Live Blog: Business Update On Formaldehyde Emissions, Customer Safety

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.

 

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