Lumber Liquidators Says Sales Slid After ‘60 Minutes’ Report

Lumber Liquidators Holdings Inc., accused by “60 Minutes” of selling laminate flooring with excessive levels of formaldehyde, projected lower first-quarter sales than analysts estimated as its reputation suffers.

Sales will be $253.6 million to $256.6 million in the quarter, the Toano, Virginia-based company said in a statement Thursday. Analysts predicted $276.3 million, according to data compiled by Bloomberg. Same-store sales may fall as much as 4.4 percent because of a drastic drop since the “60 Minutes” story, Lumber Liquidators said. The company said it’s unable to offer revenue and profit forecasts for the full year.