secwatch.observer — SEC 8-K summary
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Issuer:     LL Flooring Holdings, Inc. (—)
CIK:        0001396033
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055036
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LL Flooring Q1 net sales down 21.7%, loss per diluted share $1.00
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- Net sales of $188.5M, down 21.7% YoY; comparable store sales down 21.5%.
- Loss per diluted share $1.00 (up $0.63 YoY); adjusted loss per diluted share $1.04.
- Gross margin improved 120bps to 37.8%; adjusted gross margin fell 40bps to 37.1%.
- Liquidity of $63.3M ($6M cash, $57.3M ABL availability); operating cash outflow $23.7M.
- Company not providing 2024 guidance; pursuing sale-leaseback of Sandston, VA DC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1396033/000095017024055036/0000950170-24-055036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1396033/000095017024055036/ll-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer