Wedbush analyst Seth Basham says he thinks the temporary lifting of tariffs on luxury vinyl flooring tiles by the U.S. Trade Representative will boost earnings for Floor & Decor (FND) and Lumber Liquidators (LL). The analyst estimates ~$15M in refunds for tariffs paid by Floor & Decor and ~$16M for Lumber Liquidators on luxury vinyl flooring imported from China from the retroactive date through the announcement, a "very material" amount for Lumber Liquidators equating to 7% of its market cap. Basham expects the companies to capture incremental gross profit dollars as they are unlikely to pass all of this savings on to customers and vendors. He continues to rate Floor & Decor Outperform, with a Neutral rating on Lumber Liquidators.

Floor & Decor announced the grand opening of its seventh warehouse location in Colorado, with the addition of its newest location in Lone Tree at 8583 S Yosemite Street. The warehouse store and design center will open with a team of about 50 full-time and part-time associates led by Michael Abernathy, the store Chief Executive Merchant. "We're thrilled to announce our newest store location in Lone Tree," said Abernathy. "For more than two decades, Floor & Decor has had the opportunity to serve professionals and homeowners throughout the nation, and we are excited to expand our footprint in the Denver market with this new location. We look forward to becoming part of the community and welcoming our newest neighbors into our store and making their renovation journeys easier, inspired and more affordable."