July 7, 2011

Share prices of Lumber Liquidators took a dive Thursday, after the Toano, Va.-based company lowered its earnings and revenue forecasts. 

The company announced that it expects earnings of 18 cents to 20 cents per share for the second quarter, down from 32 cents in the same quarter last year. Net sales for the full year are now expected in the range of $670 million to $700 million, down from a previous range of $700 million to $730 million.

The share price of the hardwood floor retailer ended Thursday at $18.32, down 28.6% on the day.

April 27, 2011

Toano, Va.-based hardwood flooring retailer Lumber Liquidators posted first-quarter net sales of $159.7 million, a 5.6% increase from sales of $151.2 million in the first quarter of 2010. Comparable-store sales decreased 4.3% for the quarter, compared with an increase of 8.0% for the first quarter of the prior year. The drop in same-store sales was attributed to “the adverse impact of inconsistent servicing of new demand following the implementation of the company's integrated technology solution in August 2010,” according to a press release.

December 21, 2010

Hardwood flooring retailer Lumber Liquidators has announced the appointment of Robert Lynch as president and chief operating officer. He will oversee the company's merchandising, supply chain and store operations, including the respective senior VPs of these areas. Lynch, who starts his new position on Jan. 17, 2011, will report directly to CEO Jeffrey Griffiths.

November 9, 2010

Toano, Va.-based hardwood flooring retailer Lumber Liquidator posted third-quarter net income of $4.3 million, down...

June 10, 2008

The retailer is also testing a new home-installation strategy that relies on a single national...

April 28, 2008

Net income nearly doubles at the flooring retailer....

November 18, 2007

More than 11 years ago, a flooring contractor from Boston named Tom Sullivan opened the...

November 8, 2007

The company made its initial public offering Nov. 9 at the New York Stock Exchange....