The next five trading days bring a few major earnings reports, along with fresh data on the health of the U.S. economy. Retailers Lumber Liquidators (NYSE: LL) and Costco (NASDAQ: COST) are set to post quarterly figures before the government releases a highly anticipated report on employment on Friday.
Monday, Feb. 29 – Lumber Liquidators’ bad press
Hardwood flooring specialist Lumber Liquidators kicks things off with a fourth-quarter earnings report that could spark a large stock price swing. Shares are down 83% in the last year as the company has grappled with plunging comparable-store sales due to negative press surrounding the safety of some laminate flooring products that it used to source from China. Lumber Liquidators endured a 13% traffic dive in Q3 even though it slashed prices so low that gross profit margin plummeted to 30% of sales from 39% the prior year .
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