LL Flooring Posts Q2 Earnings Below Street View Due To Macroeconomic Impact
Portfolio Pulse from Shivani Kumaresan
LL Flooring Holdings, Inc (NYSE:LL) reported a Q2 FY23 sales decline of 20.9% YoY to $236.42 million, missing the analyst consensus of $257.90 million. The company's adjusted EPS loss of $(1.28) also missed the consensus of $(0.41). The company is not providing financial guidance due to macroeconomic uncertainty. LL shares traded lower by 3.07% at $3.30 on the last check Wednesday.
August 09, 2023 | 3:57 pm
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LL Flooring's Q2 FY23 sales and EPS missed analyst expectations, leading to a drop in share price. The company is not providing financial guidance due to macroeconomic uncertainty.
LL Flooring's Q2 FY23 sales and EPS missed analyst expectations, which is likely to negatively impact investor sentiment and the company's stock price. The company's decision not to provide financial guidance due to macroeconomic uncertainty may further erode investor confidence, leading to potential further declines in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100