Security Incident Impacts Lumber Liquidators Revenue

Lumber Liquidators’ third-quarter sales increased more than 12 per cent to $296 million from third-quarter 2019 sales of $264 million. Comparable store sales for the third quarter increased 10.9 per cent. However, third-quarter results were unfavourably affected by a network security incident in late August, which the company believes negatively impacted total revenue by approximately $6 million to $8 million. Its net income for the period jumped to $15.5 million compared to $1 million in the previous year.