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Lumber Liquidators March same-store sales fall 17.8 pct

Lumber Liquidators
Mike Blake | Reuters

Lumber Liquidators posted a drop in sales of its hardwood flooring products in March after a media report alleged that the company's laminates had higher-than-permitted levels of a cancer-causing substance.

The company said sales at stores open at least one year fell 17.8 percent last month, dragging down sales at these stores 1.8 percent in the first quarter ended March 31.

Lumber Liquidators is facing U.S. government probes over the levels of formaldehyde in its flooring products, and has offered free indoor air quality testing for qualifying consumers.