Lumber Liquidators raises 2013 outlook; plans 30-40 stores in 2014
Toano, Va. – Lumber Liquidators has raised its full year 2013 outlook. Based on year-to-date results and current trends, the company now expects net sales in the range of $994 million to $1 billion, up from a previous range of $985 million to $995 million, with the fourth quarter ranging from $252 million to $258 million.
Lumber Liquidators also expects to open a total of 29-30 new stores during 2013 and increase net store sales 15% to 16%, up from a previous range of 14% to 15%, with the fourth quarter ranging from 13% to 15%.
In addition, for full year 2014 Lumber Liquidators expects to open a total of 30 to 40 new store locations and remodel a total of 25 to 35 existing stores, all in the expanded showroom format. The retailer also expects net sales in the range of $1.15 billion to $1.2 billion, and a same-store net sales increase in the high single to low-double digits.