Lumber Liquidators 2014 Annual Report Download - page 9

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENT
This report includes statements of our expectations, intentions, plans and beliefs that constitute
‘‘forward-looking statements’’ within the meanings of the Private Securities Litigation Reform Act of 1995.
These statements, which may be identified by words such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expects,’’ ‘‘intends,’’
‘‘plans,’’ ‘‘anticipates,’’ ‘‘believes,’’ ‘‘thinks,’’ ‘‘estimates,’’ ‘‘seeks,’’ ‘‘predicts,’’ ‘‘could,’’ ‘‘projects,’’
‘‘potential’’ and other similar terms and phrases, are based on the beliefs of our management, as well as
assumptions made by, and information currently available to, our management as of the date of such
statements. These statements are subject to risks and uncertainties, all of which are difficult to predict and
many of which are beyond our control. Forward-looking statements in this report may include, without
limitation, statements regarding sales growth, comparable store net sales, number of stores providing
installation services, impact of cannibalization, price changes, inventory availability and inventory per store,
impact of constrained inventory, earnings performance, stock-based compensation expense, margins, return on
invested capital, advertising costs, strategic direction, supply chain, clearance events, the demand for our
products, benefits from an improving housing market, the completion of our second finishing line, construction
of engineered hardwood as to not be subject to anti-dumping and countervailing duties, and store openings
and remodels. Our actual results could differ materially from those projected in or contemplated by the
forward-looking statements as a result of potential risks, uncertainties and other factors including, but not
limited to, changes in general economic and financial conditions, such as the rate of unemployment, consumer
access to credit, and interest rate; the volatility in mortgage rates; the legislative/regulatory climate; political
unrest in the countries of our suppliers; the availability of sufficient suitable hardwood; our suppliers’ ability
to meet our quality assurance requirements; disruption in our suppliers’ abilities to supply needed inventory;
disruptions or delays in the production, shipment, delivery or processing through ports of entry, including,
without limitation, those resulting from strikes, lockouts, work-stoppages or slowdowns, or other forms of
labor unrest; the strength of our competitors and their ability to increase their market share; slower growth in
personal income; changes in business and consumer spending; changes in transportation costs; the rate of
growth of residential remodeling and new home construction; the impact weather may have on customer
traffic and sales; the demand for and profitability of installation services; changes in the scope or rates of any
antidumping or countervailing duty rates applicable to our products; and inventory levels. We specifically
disclaim any obligation to update these statements, which speak only as of the dates on which such statements
are made, except as may be required under the federal securities laws. These risks and other factors include
those listed in this Item 1A. ‘‘Risk Factors,’’ and elsewhere in this report.
References to ‘‘we,’’ ‘‘our’’ and ‘‘Lumber Liquidators’’ generally refers to Lumber Liquidators Holdings,
Inc. and its consolidated subsidiaries collectively and, where applicable, individually.
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