Lumber liquidators says withdrawing annual 2020 financial guidance provided on feb 25

Lumber liquidators provides covid-19-related business update.lumber liquidators holdings - through week ending march 21, 2020, quarter-to-date comparable store sales increased about 4%.lumber liquidators holdings - q1 comparable stores sales eroded to about negative 1% by end of quarter.lumber liquidators holdings - withdrawing annual 2020 financial guidance provided on february 25.lumber liquidators holdings inc - anticipates filing q1 earnings report and form 10-q the week of may 2.lumber liquidators holdings - to temporarily furlough about 300 store associates, reduce operating hours in distribution centers.lumber liquidators holdings inc - impacted employees will receive two weeks of pay and have opportunity to utilize up to 80 hours of paid time off.lumber liquidators - implementing temporary reduction in all salaried employee compensation.lumber liquidators - implementing temporary 25% reduction in base pay of interim president, cfo and other c-level executives.lumber liquidators holdings inc - temporary 30% reduction in cash compensation of board.
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