LL Flooring Reports 1Q Sales Decrease, Invests in Pro Customers

LL Flooring Holdings, Inc., a specialty retailer of hard-surface flooring in North America, announced net sales decreased 1.6% to $279.0 million from the first quarter of 2021, which ended March 31, 2022. The company reported record sales to pro customers and a 4.1% increase in net services sales, which partially offset a decrease in sales to homeowners.Comparable store sales decreased 3.6% from the first quarter of 2021, but increased 3.3% on a two-year stack basis. The decrease in comparable store sales primarily reflected the same drivers as the change in net sales.