Lumber Liquidators profit soars 57.2% in Q3

Toano, Va. -- Flooring retailer Lumber Liquidators reported Thursday that net income in the third quarter rose 57.2% to $6.7 million, compared with $4.3 million in the year-ago period.



Sales surged 16.8% to $172 million in the quarter, and same-store sales increased 3%.



The retailer has opened 33 new store locations in 2011, including six opened during the third quarter. It plans to open seven to nine new stores in the fourth quarter.