Lumber Liquidators Cuts FY19 Revenue Growth Outlook - Quick Facts

(RTTNews) - While reporting financial results for the second quarter, flooring retailer Lumber Liquidators Holdings, Inc. (LL) on Wednesday lowered its revenue growth and comparable store sales guidance for the full-year 2019 on the assumption of the continuation of the current 25% tariff applicable to products imported from China for the balance of 2019.

For fiscal 2019, the company now projects revenue to grow in the low-single digit percentage, with comparable store sales of flat to low-single digit percentage.

Previously, the company expected revenue growth in the mid-single digit percentage, with comparable store sales to be flat to .

On average, 10 analysts polled by Thomson Reuters expect the company to report revenue growth of 3.5 percent to $1.12 billion for the year.