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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
In-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
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(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.)