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Companies can capitalize on competitive advantages in established industries. Floor & Decor is a prime example today as it continues its U.S. expansion.
Floor & Decor is opening stores and increasing revenue, but comps and profits are down. It revised its full-year outlook lower.
Floor & Decor's financial results were mixed in its second quarter. The company should be able to execute on its growth ambitions.
While the top- and bottom-line numbers for Floor & Dcor (FND) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Floor & Dcor (FND) came out with quarterly earnings of $0.66 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.76 per share a year ago.
Floor & Decor's business model is tremendous. The company's growth prospects remain robust.
ATLANTA--(BUSINESS WIRE)--Floor & Decor Holdings, Inc. (NYSE: FND) today announced that its financial results for the second quarter of fiscal 2023 will be released after market close on Thursday, August 3, 2023. 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.
Floor & Decor has grown its earnings by increasing its revenue via new store openings. Management intends to open new stores at a double-digit pace over the next several years, which will likely lead to much higher earnings yet again.
Floor & Decor (FND) continues to expand its domestic footprint, opening the fourth new store in Michigan.
Floor & Decor is slowing down at the moment, but it has massive long-term potential. Nu Holdings is a fast-growing bank in South America with several avenues for expansion.