Despite Surpassing EPS Estimates, Sales Dip and Market Challenges Persist
Specialty flooring retailer Floor & Decor (NYSE:FND) missed analysts' expectations in Q1 CY2024, with revenue down 2.2% year on year to $1.10 billion. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $4.69 billion at the midpoint. It made a GAAP profit of $0.46 per share, down from its profit of $0.66 per share in the same quarter last year.
ATLANTA, May 02, 2024--Floor & Decor Holdings, Inc. (NYSE: FND) ("We," "Our," the "Company," or "Floor & Decor") announces its financial results for the first quarter of fiscal 2024, which ended March 28, 2024.