LL Flooring Holdings (LL Flooring Holdings) Gross Margin %

: 38.57% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. LL Flooring Holdings's Gross Profit for the three months ended in Dec. 2023 was $81.7 Mil. LL Flooring Holdings's Revenue for the three months ended in Dec. 2023 was $211.8 Mil. Therefore, LL Flooring Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 38.57%.

The historical rank and industry rank for LL Flooring Holdings's Gross Margin % or its related term are showing as below:

LL' s Gross Margin % Range Over the Past 10 Years
Min: 28.49 Med: 36.18 Max: 39.92
Current: 35.67

During the past 13 years, the highest Gross Margin % of LL Flooring Holdings was 39.92%. The lowest was 28.49%. And the median was 36.18%.

LL's Gross Margin % is ranked worse than
52.15% of 1093 companies
in the Retail - Cyclical industry
Industry Median: 36.8 vs LL: 35.67

LL Flooring Holdings had a gross margin of 38.57% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for LL Flooring Holdings was -0.50% per year.

LL Flooring Holdings Gross Margin % Historical Data

The historical data trend for LL Flooring Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LL Flooring Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

36.95

38.96

38.19

36.12

35.67

LL Flooring Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																35.91	36.56	35.75	31.74	38.57

Competitive Comparison

For the Home Improvement Retail subindustry, LL Flooring Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

LL Flooring Holdings Gross Margin % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, LL Flooring Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where LL Flooring Holdings's Gross Margin % falls into.

LL Flooring Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

LL Flooring Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	322.7	/	904.746
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(904.746 - 582.033)	/	904.746
	=	35.67 %

LL Flooring Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	81.7	/	211.78
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(211.78 - 130.106)	/	211.78
	=	38.57 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

LL Flooring Holdings (NYSE:LL) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

LL Flooring Holdings had a gross margin of 38.57% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

LL Flooring Holdings Gross Margin % Related Terms

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LL Flooring Holdings (LL Flooring Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » LL Flooring Holdings Inc (NYSE:LL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4901 Bakers Mill Lane, Richmond, VA, USA, 23230

Website

https://www.llflooring.com

LL Flooring Holdings Inc is a specialty retailer of hardwood flooring in North America. The firm primarily operates across the U.S. and Ontario, Canada, through its retail store operations segment. Its products include foreign and domestic hardwood species, engineered hardwood, laminate, resilient-vinyl, bamboo, and cork flooring. The company derives most of its revenue from laminate, vinyl, engineered vinyl plank, and porcelain tile, followed by Solid and Engineered Hardwood. The firm also offers a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools. It primarily targets do-it-yourself (DIY), do-it-for-me (DIFM), and commercial customers. Bellawood is a core brand of the company.

Executives

Robert L Madore	officer: EVP and CFO	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
F Terrence Blanchard	officer: Interim CFO	C/O LAWSON PRODUCTS, INC., 1666 EAST TOUHY AVENUE, DES PLAINES IL 60018
Kristian B Lesher	officer: SVP and CTO	4901 BAKERS MILL LANE, RICHMOND VA 23230
Chasity D Grosh	other: Chief Accounting Officer	4901 BAKERS MILL LANE, RICHMOND VA 23230
Michael E Dauberman	officer: EVP, CGO	4901 BAKERS MILL LANE, RICHMOND VA 23230
Clark Douglas S Jr	officer: SVP Merch & Supply Chain	4901 BAKERS MILL LANE, RICHMOND VA 23230
Douglas T Moore	director	9950 MAYLAND DR, RICHMOND VA 23233
Joseph M Nowicki	director	C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Charles E Tyson	director, officer: President & CEO	LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Ashish Parmar	director	4901 BAKERS MILL LANE, RICHMOND VA 23230
Nancy M Taylor	director	TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Famous P Rhodes	director	4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431
Jimmie L Wade	director	C/O ADVANCE AUTO PARTS, 5673 AIRPORT RD, ROANOKE VA 24012
Matt T Argano	officer: Chief Human Resources Officer	LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Terri F Graham	director	C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123