FND Stock Recent News

Floor & Decor (FND) continues to expand its domestic footprint, opens its 10th store in New York City.

Floor & Decor Holdings, Inc. (NYSE:FND ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Wayne Hood - VP, IR Thomas Taylor - CEO & Director Trevor Lang - President Ersan Sayman - EVP, Merchandising Bryan Langley - EVP & CFO Conference Call Participants Simeon Gutman - Morgan Stanley Christopher Horvers - JPMorgan Chase & Co. Michael Lasser - UBS Gregory Melich - Evercore ISI Charles Grom - Gordon Haskett Research Advisors Steven Forbes - Guggenheim Securities Jonathan Matuszewski - Jefferies Justin Kleber - Robert W. Baird & Co. Keith Hughes - Truist Securities Seth Sigman - Barclays Bank Nathan Friedman - Wedbush Securities William Carter - Stifel, Nicolaus & Company Steven Zaccone - Citigroup Operator Greetings.

The headline numbers for Floor & Dcor (FND) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Floor & Decor sells exactly what its name implies -- flooring and related products. The company's niche specialization and its large store footprint give it competitive advantages.

Floor & Decor operates huge stores focused around flooring. The company is opening new locations at a rapid clip, with nine new stores in the second quarter alone.

Citi analyst Steven Zaccaro on Thursday cut Tractor Supply Co. and Floor & Decor Holdings to neutral from buy after the bank's store-traffic monitor signaled lower-than-expected business at the retailers.

Floor & Decor has a clear capital allocation plan to widen moats and win market share, aiming for a 25-30% market share in the future. The company's market share has consistently grown against competitors, Home Depot and Lowe's, with strong organic growth and outperformance. Floor & Decor's long-term targets include opening 500 stores by 2032 and maintaining strong unit economics, with a focus on pro customers and diversifying suppliers.

Floor & Decor (FND) expands footprint with two store openings in Pennsylvania and New York.

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.