LL Flooring sees “limited visibility” for 2024 sales

Adjusted gross margins are expected to maintain year-over-year, driven primarily by potential reductions in transportation costs, offset by higher vinyl sourcing costs as increased sourcing from domestic vendors and lower average selling price due to industry pricing pressure as input costs have declined compared to last year. Expects Capital expenditures of approximately $13M in 2024 pursuing a potential sale leaseback of approximately 1 million square foot Sandston, VA Distribution Center.