Lumber Liquidators raises outlook

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.