05:29 PM EDT, 05/02/2024 (MT Newswires) -- Floor & Decor ( FND ) reported Q1 diluted earnings late Thursday of $0.46 per share, down from $0.66, a year earlier.

Analysts surveyed by Capital IQ expected $0.44.

Net sales for the quarter ended March 28 were $1.10 billion, down from $1.12 billion a year earlier.

Analysts polled by Capital IQ expected $1.11 billion.

The company expects fiscal year 2024 diluted earnings of $1.75 to $2.05. Analysts surveyed by Capital IQ expect $1.92.

The company forecast net sales for the year of $4.60 billion to $4.77 billion. Analysts polled by Capital IQ expect $4.67 billion.

Shares of Floor & Decor Holdings ( FND ) were down 1.6% in after-hours activity.

Price: 111.00, Change: -1.76, Percent Change: -1.56