News Formal

LL Flooring’s Q3 loss is wider than expected in weak housing market

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

LL Flooring Holdings Inc. LL, -3.75%, the flooring retailer formerly called Lumber Liquidators, posted a net loss of $35.9 million, or $1.25 a share, for the third quarter, wider than the loss of $3.8 million, or 13 cents a share, posted in the year-earlier period. The company’s adjusted loss came to 78 cents, wider than the 57 cent FactSet consensus Sales fell to $215.9 million from $268.8 million, but were just ahead of the $213.0 million FactSet consensus. Same-store sales fell 20.

“We are disappointed in our third quarter results, which continued to be negatively impacted by the macroeconomic environment, as well as internal challenges that we are focused on as we execute against our strategic initiatives,” Chief Executive Charles Tyson said in a statement. He cited low consumer confidence, inflation, an elevated interest and mortgage rate environment and lower existing home sales as factors weighing on the company’s performance.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

AIG launches secondary offering of 50 million shares of former life and retirement business Corebridge FinancialCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »