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Home » Business & Finance » Today’s Hot Stories - Lumber Liquidators Holdings, (NYSE:LL), The Procter & Gamble Company, (NYSE:PG), CarMax, (NYSE:KMX)
Today’s Hot Stories – Lumber Liquidators Holdings, (NYSE:LL), The Procter & Gamble Company, (NYSE:PG), CarMax, (NYSE:KMX)

Today’s Hot Stories - Lumber Liquidators Holdings, (NYSE:LL), The Procter & Gamble Company, (NYSE:PG), CarMax, (NYSE:KMX)

April 2, 2015 2:05 pm by: Category: Business & Finance Leave a comment A+ / A-

Following U.S. Stocks may claim a “BIG Change” in the course of current trading session: Lumber Liquidators Holdings, (NYSE:LL), The Procter & Gamble Company, (NYSE:PG), CarMax, (NYSE:KMX)

At 9:50AM, Lumber Liquidators Holdings, (NYSE:LL), with shares declined -1.64%, is now trading at $32.47.

The Procter & Gamble Company, (NYSE:PG), with shares gained 0.18%, is now trading at $82.47.

CarMax, (NYSE:KMX), with shares inclined 7.79%, and is now trading at $73.72, hitting new 52-week high of $74.43.

Headlines regarding these Stocks are depicted underneath:

Lumber Liquidators Holdings, Inc. (NYSE:LL)

Today, Lumber Liquidators Holdings, Inc. (LL), offered a business update for the first quarter ended March 31, 2015.

Net sales in the first quarter of 2015 were $260.0 million, an raise of 5.6% from the first quarter of 2014 and a compound annual growth rate of 6.2% over the first quarter of 2013. Net sales in the month of March were $89.4 million, a decrease of 12.8% in comparison to March 2014. Compriseent with Corporation’s expectations as discussed in its March 12, 2015 Business Update, net sales in March 2015 were significantly weaker than trends in January and February, as net sales were negatively influenced by unfavorable allegations surrounding the product quality of the Corporation’s laminates sourced from China. The Corporation opened four new stores during the first quarter of 2015 and was operating 356 locations at March 31, 2015.

The Corporation’s sales mix shifted when comparing the month of March to the first two months of 2015. Total laminate net sales, which were 21.2% of net sales through February 2015, fell 480 basis points to 16.4% in the month of March 2015, primarily due to a decrease in the sales mix of laminates sourced from China. Additionally, in comparing March 2015 to the first two months of the quarter, the sales mix of bamboo, vinyl plank and cork fell 120 basis points while the sales mix of solid and engineered hardwoods rose 470 basis points.

Cash and cash equivalents at March 31, 2015 are predictable to range from $41.5 million to $43.5 million, counting $20.0 million in borrowings on the Corporation’s revolving credit facility. The Corporation anticipates to end the first quarter with about $273 million of inventory accessible for sale, or about $766,000 per store.

Customer care has been the Corporation’s primary focus in March 2015. To reassure its customers, the Corporation implemented an air quality testing program at no cost to the customer. As part of that program, through the end of the first quarter of 2015, about 10,000 of the Corporation’s customers have requested in-home air quality test kits. The test kit is sent directly to the customer by an independent testing organization. After receiving the test kit, the customer is in control of the process.

With more than 355 locations, Lumber Liquidators is North America’s largest specialty retailer of hardwood flooring. The Corporation features more than 400 top quality flooring varieties, counting solid and engineered hardwood, bamboo, cork, laminate and vinyl plank.

The Procter & Gamble Company (NYSE:PG)

BMO downgraded The Procter & Gamble Company (PG), to “market perform” from “outperform,” primarily due to outlook revisions tied to the stronger dollar.

On Wednesday, P&G’s My Black is Beautiful (MBIB) continues to inspire Black girls to be their best selves. MBIB maintains its momentum towards its aim of reaching and teaching one million girls and young women to believe their Black is beautiful as part of its Imagine A Future (IAF) program. Together, with P&G brands, COVERGIRL, Pantene and Olay, and retail partner Target, MBIB will celebrate girls who are making a positive difference, and will invite the community to change the beauty conversation by joining the IAF movement during the 2015 BLACK GIRLS ROCK!™ Awards on Sunday, April 5 on BET Networks.

The IAF program launched in 2012, in partnership with BLACK GIRLS ROCK!™ and UNCF (United Negro College Fund). The program aims to reach and teach one million Black girls over three years to believe their Black is beautiful. In 2013, the program sparked a national conversation surrounding Black beauty and self-image by releasing the Imagine A Future documentary, which examined the historical and current beauty and self-esteem issues that challenge Black women and girls.

The Procter & Gamble Corporation, together with its auxiliaries, manufactures and sells branded consumer packaged goods. The corporation operates through five segments: Beauty; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.

CarMax Inc. (NYSE:KMX)

CarMax Inc. (KMX), stated record results for the fourth quarter and fiscal year ended February 28, 2015.

  • Net sales and operating proceeds raised 14.2% to $3.51 billion in the fourth quarter. For the fiscal year, net sales and operating proceeds raised 13.5% to $14.27 billion.
  • Used unit sales in comparable stores raised 7.0% in the fourth quarter and 4.4% in the fiscal year.
  • Total used unit sales rose 12.4% in the fourth quarter and 10.5% in the fiscal year.
  • Our data indicates that in our markets, we raised our share of the 0-10 year old used car market by about 5% in calendar year 2014.
  • Total wholesale unit sales raised 12.3% in the fourth quarter and 9.8% in the fiscal year.
  • CarMax Auto Finance (CAF) revenue raised 11.8% to $90.4 million in the fourth quarter. For the fiscal year, CAF revenue rose 9.3% to $367.3 million.

CarMax, Inc., through its auxiliaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions, in addition to sells new vehicles under franchise contracts.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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Today’s Hot Stories - Lumber Liquidators Holdings, (NYSE:LL), The Procter & Gamble Company, (NYSE:PG), CarMax, (NYSE:KMX) Reviewed by on . Following U.S. Stocks may claim a "BIG Change" in the course of current trading session: Lumber Liquidators Holdings, (NYSE:LL), The Procter & Gamble Compan Following U.S. Stocks may claim a "BIG Change" in the course of current trading session: Lumber Liquidators Holdings, (NYSE:LL), The Procter & Gamble Compan Rating: 0

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