Lumber Liquidators Holdings' (LL) CEO Dennis Knowles on Q3 2017 Results - Earnings Call Transcript

10/31/17

Thank you, Steve, and thank you all for joining our third quarter 2017 earnings call. Marty Agard, our Chief Financial Officer is with me here as well. As always, let me begin by expressing my appreciation for the Lumber Liquidators team both here at the corporate headquarters in our stores. And my visits to stores throughout the country, I continued to hear very positive feedback about the experiences our customers are having when they interact with you. That's the kind of Company we want to keep building, so keep up the good work.

Now some quick highlights on our performance. In the third quarter, we reported net sales of $257.2 million and increased to 5.4% compared to the prior year period. Comparable store net sales increased 3.8%. We grew sales this quarter despite the fact that in Q3 of last year we were advertising more aggressively and clearing out old inventory to make room for the new assortment.

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