earnings
confidence high
sentiment negative
materiality 0.75
Floor & Decor Q3 net sales $1.12B (+0.9%); comp store sales -6.4%; EPS $0.48
Floor & Decor Holdings, Inc.
2024-Q3 EPS reported
$1.46
revenue$3,348,354,000
- Diluted EPS $0.48, down 21.3% from $0.61; operating income $66.3M, down 21.8%.
- Adjusted EBITDA $132.9M, down 5.7% YoY; operating margin 5.9%, -180 bps.
- Opened 11 new warehouse stores in Q3, ending with 241; plan 10 more in Q4 for 30 in fiscal 2024.
- CEO cites challenging demand for large project discretionary home improvement.
- Comparable store sales decreased 6.4%; net sales increased 0.9% to $1,117.9M.