Jonathan Knowles Summary Following my coverage of Floor & Decor Holdings (NYSE:FND) in May '24, for which I recommended a sell rating due to my expectation that the poor macro backdrop was going to be a major growth headwind for the business, this post is to provide an update on my thoughts on the business and stock. While the stock price did not fall all the way to $70+, I believe my previous sell rating proved to be the right recommendation as the stock fell from $112 to $95 today. Based on the recent res ...

For the quarter ended June 2024, Floor & Dcor (FND) reported revenue of $1.13 billion, down 0.2% over the same period last year. EPS came in at $0.52, compared to $0.66 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.14 billion, representing a surprise of -1.00%. The company delivered an EPS surprise of +4.00%, with the consensus EPS estimate being $0.50. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Floor & Dcor (FND) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4%. A quarter ago, it was expected that this company would post earnings of $0.44 per share when it actually produced earnings of $0.46, delivering a surprise of 4.55%. Over the last four quarters, the company has sur ...

The strategic emphasis on expanding market share through new warehouse-format stores, along with leveraging everyday low prices and value-driven options, indicates Floor & Decor Holdings' commitment to attracting more customers and increasing sales volume. By offering trend-right product assortments and ensuring ample stock, the company aims to meet customer demand efficiently. For Floor & Dcor, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usua ...

Floor & Decor Holdings, Inc. (FND) focuses intently on expanding its market share by opening new warehouse-format stores, capitalizing on its everyday low prices and value-driven options, diversified and instyle product offerings, and valuing customers' demand trends. Floor & Decor on an Expansion Spree During the fiscal first quarter (ended Mar 28, 2024), the company opened four new warehouse stores. This brought the quarter-end count to 225 warehouse stores and five design studios. The openings included n ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q _________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2024 OR For the transition period from ____ to ____ Commission file number 001-38070 _____________________ ...

Floor & Decor Holdings, Inc. Announces First Quarter Fiscal 2024 Financial Results Net sales of $1,097.3 million decreased 2.2% from the first quarter of fiscal 2023 Comparable store sales decreased 11.6% Diluted earnings per share of $0.46 Opened four new warehouse stores ATLANTA--(BUSINESS WIRE)--May 2, 2024--Floor & Decor Holdings, Inc. (NYSE: FND) ("We," "Our," the "Company," or "Floor & Decor") announces its financial results for the first quarter of fiscal 2024, which ended March 28, 2024. Tom Taylor, ...

Investors can find Buffett-owned stocks without leaving the consumer sector.Another tax day has come and gone, and refunds are always a focus of this tax season. Through early April, the average amount refunded to taxpayers was $3,011.This involves both bad news and good news for investors. The bad news is that those taxpayers made an interest-free loan to the government. However, the sting of that realization may be helped by the good news that taxpayers finally have their money back, likely giving them so ...

As usual, Warren Buffett's holding company Berkshire Hathaway is beating the market so far in 2024. Berkshire Hathaway owns a portfolio of about 50 stocks, in addition to several whole companies. Investors looking to beat the market can get great ideas from following Buffett's picks and listening to his many nuggets of wisdom. If you have $300 to invest after paying off debts and saving for an emergency fund, Visa (V -1.18%), Nu Holdings (NU -0.09%), and Floor & Decor (FND -0.56%) are excellent Buffett stoc ...

Floor & Decor Holdings, Inc. (FND) reported better-than-expected results for the fourth quarter of fiscal 2023. The company exceeded the Zacks Consensus Estimate for both earnings and revenues, driven by stronger-than-expected comparable store sales despite challenges associated with record-low existing homes for sales and diminishing flooring industry sales.Shares of this multi-channel specialty retailer of hard surface flooring and related accessories gained 3.9% during the trading session and 3.1% in the ...