Lumber Liquidators beats by $0.01, misses on revs; guides FY18 revs in-line
- Reports Q4 (Dec) earnings of $0.10 per share, $0.01 better than the Capital IQ Consensus of $0.09; revenues rose 6.1% year/year to $259.86 mln vs the $264.56 mln Capital IQ Consensus.
- This includes a comparable store net sales increase of 4.5%, which reflected a 3.4% increase in average sale and a 1.1% increase in customers invoiced. Non-comparable store net sales increased $4.1 million over the comparable prior-year period.
- Co issues in-line guidance for FY18, sees FY18 revs up mid to high single digits vs. $1.11 bln (+8%) Capital IQ Consensus Estimate.
- Comparable store sales growth percentage in the mid-single digits for the year, with the first quarter in the low single digits;
- Operating profit margin excluding legacy legal and unusual items (a non-GAAP measure) in the low- to mid-single digits;
- Opening 20 to 25 new stores during the year; and
- Capital spending of $15 to $20 million.
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