Stock Track | Floor & Decor Stock Soars on Robust Q3 Earnings and Upbeat Outlook

Stock Track10-31

Shares of Floor & Decor Holdings Inc. (NYSE: FND), a leading specialty retailer of hard-surface flooring, surged 6.63% on October 31, 2024, following the company's impressive third-quarter earnings report and raised full-year guidance.

In the third quarter, Floor & Decor reported better-than-expected earnings of $0.48 per diluted share, surpassing analysts' expectations of $0.43 per share. The company's net sales increased by 0.9% year-over-year to $1.12 billion, despite a 6.4% decline in comparable store sales.

The robust earnings performance was driven by several key factors, including a 130-basis-point improvement in gross margin to 43.5%, reflecting favorable supply chain costs. Additionally, the company effectively managed costs, contributing to the positive earnings surprise.

Encouraged by the strong results, Floor & Decor raised its full-year guidance. The company now expects fiscal 2024 earnings of $1.65 to $1.75 per diluted share, higher than its previous forecast of $1.55 to $1.75. Net sales for the full year are anticipated to range between $4.4 billion and $4.43 billion, compared to the earlier estimate of $4.4 billion to $4.49 billion.

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(NYSE: FND), a leading specialty retailer of hard-surface flooring, surged 6.63% on October 31, 2024, following the company's impressive third-quarter earnings ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FND","symbol_name":"Floor & Decor Holdings Inc.","start_time":0,"source_url":"","article_id":"1197584871","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197584871","pubTimestamp":1730381823,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Floor & Decor Holdings Inc. , a leading specialty retailer of hard-surface flooring, surged 6.63% on October 31, 2024, following the company's impressive third-quarter earnings report and raised full-year guidance.In the third quarter, Floor & Decor reported better-than-expected earnings of $0.48 per diluted share, surpassing analysts' expectations of $0.43 per share. 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