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FND — Floor & Decor Holdings News Story

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Floor & Decor's Q3 sales rise 5.5% driven by new store openings

Overview

Floor & Decor fiscal Q3 net sales rise 5.5%, beating analyst expectations

Diluted EPS for fiscal Q3 increases 10.4% yr/yr, despite soft demand

Company opens five new warehouse stores in fiscal Q3

Outlook

Company expects fiscal 2025 net sales of $4,660 mln to $4,710 mln

Floor & Decor projects fiscal 2025 diluted EPS of $1.87 to $1.97

Company plans to open 20 new warehouse stores in fiscal 2025

Result Drivers

NEW STORE OPENINGS - Opened five new warehouse stores, contributing to overall sales growth

OPERATIONAL DISCIPLINE - Achieved 10.4% increase in EPS due to operational discipline amid soft demand

COMPARABLE SALES DECLINE - Comparable store sales decreased 1.2%, reflecting industry challenges

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesIn-line$1.17 bln$1.17 bln (19 Analysts)
Q3 EPS$0.53
Q3 Net Income$57.26 mln
Q3 Operating income$72.01 mln
Q3 Pretax Profit$71.42 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 14 "hold" and 3 "sell" or "strong sell" The average consensus recommendation for the home improvement products & services retailers peer group is "buy." Wall Street's median 12-month price target for Floor & Decor Holdings Inc is $78.67, about 12.2% above its October 29 closing price of $69.08 Press Release: ID:nBw7ByT85a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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