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ATLANTA--(BUSINESS WIRE)--Floor & Decor Announces Grand Opening of First Maine Location with Portland Store.
ATLANTA--(BUSINESS WIRE)--Floor & Decor Holdings, Inc. (NYSE: FND) today announced that the Company is scheduled to present in a Fireside Chat at the Goldman Sachs 31st Annual Global Retailing Conference on Wednesday, September 4, 2024, at 3:55 p.m. Eastern Time. The audio portion of the presentation will be webcast live over the internet and can be accessed on the Company's Investor Relations website, ir.flooranddecor.com. An online archive will be available on that site following the pres.
Floor & Decor cuts full year guidance as consumer spending slows.
On the heels of the recent release of a weak jobs report, now may be the time to figure out what are the consumer discretionary stocks to sell. Sure, economists and pundits may argue that this latest jobs report is not necessarily a sign of a looming U.S. recession.
Shifted recommendation from sell to hold due to potential demand recovery with Fed rate cuts. Floor & Decor's 2Q24 results showed the continued impact of a poor macro environment on SSSG and overall demand. Management's strategic decisions and margin improvements are positive, but valuation and uncertain demand recovery warrant a hold rating.
Floor & Decor Holdings, Inc. (NYSE:FND ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Wayne Hood - Senior Vice President, Investor Relations Tom Taylor - Chief Executive Officer Trevor Lang - President Bryan Langley - Executive Vice President and CFO Conference Call Participants Zach Fadem - Wells Fargo Christopher Horvers - JPMorgan Michael Lasser - UBS Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Seth Sigman - Barclays Steve Forbes - Guggenheim Securities Steven Zaccone - Citi David Bellinger - Mizuho Securities Greg Melich - Evercore ISI Max Rakhlenko - TD Cowen Peter Keith - Piper Sandler Jonathan Matuszewski - Jefferies Operator Greetings. And welcome to the Floor & Decor Holdings, Inc. Second Quarter 2024 Conference Call.
Although the revenue and EPS for Floor & Dcor (FND) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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.
Floor & Decor (FND) faces challenges due to soft demand for hard surface flooring. Margins also remain a critical area, with potential concerns stemming from any deleverage in the selling and store operating expenses.
Floor & Dcor (FND) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.