secwatch.observer — SEC 8-K summary
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Issuer:     Floor & Decor Holdings, Inc. (FND)
CIK:        0001507079
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001507079-23-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Floor & Decor Q3 EPS $0.61 down 14% YoY; comparable store sales -9.3%
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- Net sales $1,107.8M up 0.9% YoY; comparable store sales decreased 9.3%.
- Diluted EPS $0.61 vs $0.71 prior year; net income $65.9M, down 13.5%.
- Operating margin 7.7% down 160 bps; adjusted EBITDA $140.9M, down 4.7%.
- Opened 5 warehouse stores in Q3; plans 15 more in Q4 for total 32 in FY2023.
- CEO cites rising mortgage rates, near-record-low existing home sales, and housing affordability pressure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507079/000150707923000029/0001507079-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507079/000150707923000029/fnd-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001507079-23-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer