Lumber Liquidators Has Sales Decrease

Lumber Liquidators, a retailer of hard-surface flooring, had net sales of $282.2 million for the third quarter of 2021, a decrease 4.6 per cent year-over-year. Also, total comparable store sales decreased 4.5 per cent versus the same period last year but increased 6.4 per cent on a two-year stack basis. Additionally, the company had gross margins of 37.3 per cent and a decrease in operating margins of 4.3 per cent.