FND Stock Recent News

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.

ATLANTA--(BUSINESS WIRE)--Floor & Decor Announces Grand Opening of Deerfield, Illinois Store.

Floor & Dcor (FND) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

ATLANTA--(BUSINESS WIRE)--Floor & Decor Holdings, Inc. (NYSE: FND) today announced that its financial results for the second quarter of fiscal 2024 will be released after market close on Thursday, August 1, 2024. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the financial results. A live audio webcast of the conference call, together with related materials, will be available online at ir.flooranddecor.com. A recorded replay of the conference call will be avail.

Shares of Floor & Decor Holdings Inc (NYSE: FND) have plummeted by approximately 30% from their year-to-date high in late March, following a critical short report published by Spruce Point Capital Management on Monday. The report has raised significant concerns about the company's financial health and strategic direction.