Lumber Liquidators Q2 income climbs 32%
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Hardwood flooring retailer Lumber Liquidators said Wednesday strong consumer demand drove an increase in revenue, helping its net income climb about 32% in the second quarter.For the three months ending June 30, the company said it earned $9.1 million, compared with $6.9 million a year ago. Net sales increased about 18% to $168.7 million, up from $143.1 million a year ago. Same-store sales rose 5.5.Our unique value proposition of price, selection, quality and availability continued to resonate well with customers and increase traffic," CEO Jeffrey W. Griffiths said in a statement.