Originally Posted by
hookdfisherman
.
DOWN baby DOWN!
FFFFurther...
no, MORE!
Keep at it...
Steve Calk, Lumber Liquidators Holdings Inc - Managing Director, FTI Consulting
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Thank you, operator.Good morning,everyone Thank you for joining us Let me take a moment to reference the Safe Harbor Provisions of the USSec urities laws for forwa rdlooking statements. This conference call may contain forward-looking statements that are subject to significant risks anduncerta inties including future operating financial performance of Lumber Liquidators. Alth oughLumber Liquidators be lievesthat the expectations reflected inits forward-looking statements are reasonable it can give noassura nce that such exp ectationsor any of its forward-looking statements will prove to be correct Important risk factors that could cause actual results to diff ermaterially from those reflected in the forward-looking st atement sare included in Lumber Liquidators' filings with the The information conta inedthis call is accurate only as of the date discussed. Investors should not assume that the statements will remain operative at a later time. Lastly, Lumber Liquidators und ertakesno obliut, clearing ou tour tool sand tile inventory and actively reducing counts across all of our products. This inventory clearance and discounting was added to sales in June of last year and attracted additional customer traf ficThis June we were simply in the business of selling wood at competitive pri cesWe believe th isin part, contributed to both the negative traffic comparison and the positive margin comparison. Second, our pricing strategy which is now focused on margin dollars resulted in an increase in average sale in June versus the prior year period but was more than offset by the declingation to update any informa tiondiscu ssed inth is c allol but you suck for me too and Ilo vethatabout you car pI mean keep up your end by getting irritated and responding back with disdainya know how to hep me outd um b shh eets finally figured it out or he don want me showing more pics of his crappie as's nethep me out sos I can post freely iny ou canta ke over again with your super intelligent illustrated rhetorical narrativescheechee ya use big ol' words for such a puny min dand I'm pretty sure you thought you'd look smarter by using them? oh and let me tell you. you didy ou really didca n't i post up news without all the bashing from the haters? let's see the ne xttime another LL news items comes a rounda gain for you, you pretentious pooch just ignore me like i want and my life wot suck (or you won't) anymore. Either way, we can all be or is that What Shares of flooring retail erLumber Liquidators Holdings Incslumped as much as 12.5% today after the company reported second-quarter earnings. At 3:15 p.m. Eshares were still down 97%. So what Sales fell 4% to $2381 million, including a 7.2% decline incomparable-store sales. Net loss improved from $20.3 million a year ago to $122 million, or $0.45 per share. But analysts were expecting a $0.22pershare loss, so the results didn't impress investors Management said that it didn't have to discount as hard last quar terresulting in gross margin increasing from 25.1% a year ago to 29.7%But with fewer customers coming into stores, it's still an uphill battle to reach a profit on the bottom line. Now what?Investors don't quite kn owwhat to make of Lumber Liquidators today given customers trepidation in coming back to the brand. No matter whether it hit expectations or not a 72% decline in same-store sales is terrible for any compa nyUntil that trend turns around and Lum berLiquid ators startsp osting a profit I'll be watching this stock from the sidelines. And given the damage done in the past year, I'm not sure the company will everf lly recover. First re in the early months of managing the impact of significant negative media attention related to our Chinese laminates. We pulled that product from our shelves, creating a scarcity of lami nateproduct and the need to discount alternative flooring options to satisfy our customers. Atth e same time we were cleaning out, clearing ou tour tool sand tile inventory and actively reducing counts across all of our products. This inventory clearance and discounting was added to sales in June of last year and attracted additional customer traf ficThis June we were simply in the business of selling wood at competitive pri cesWe believe th isin part, contributed to both the negative traffic comparison and the positive margin comparison. Second, our pricing strategy which is now focused on margin dollars resulted in an increase in average sale in June versus the prior year period but was more than offset by the decline in number of customers invoiced. Third, as we have discussed on prior calls store associate turnover impacted one of our most important value propositions, our customer service at the store level. Dennis is making progress on this front, but we still have a lot of work to doAn d fou rthgiven the disruptions in the supply chain last year and the availability of certain products since that time there are still opportunities to improve our assortment in light of customer demand. We are making these adjustments in real time and believe that this will improve our competitive position in the marketplace. As a rem inderwe are not looking at these services to drive margin percentage expansion. We provide them to serve our customers and to attract new customers in the do it for me category. If we succeed installation services will help us drive top line sales and overall market share. That is where the real opportunity is for Lumber Liquidators We also continue to evaluate opportunities to grow the business in additional areas where we can leverage competitive advantages.
just a little more....
what? you were expecting a poem?
keep scrolling beach!
deeper moo lusk mouth!
keep scrolling...!
just a ritto more.... lol
ohh yea, you truly suck
right to the end! LOL