LL Flooring Reports Net Sales Down 20.9% for 2Q 2023
LL Flooring Holdings, Inc., a leading specialty retailer of hard-surface flooring in the U.S., today announced financial results for the quarter ended June 30, 2023.
Net sales decreased 20.9% to $236.4 million for the quarter ended June 30, 2023, versus the second quarter of 2022, driven by a decrease in transaction count reflecting by lower spending by consumers and pros. Total comparable store sales decreased 22.2% versus the same period last year. During the second quarter, the company closed one store, bringing total stores to 442 as of June 30, 2023.