05:25 PM EDT, 08/01/2024 (MT Newswires) -- Floor & Decor Holdings ( FND ) reported Q2 diluted earnings late Thursday of $0.52 per share, down from $0.66 a year earlier.

Analysts polled by Capital IQ expected $0.52.

Net sales for the quarter ended June 27 were $1.13 billion, down from $1.14 billion a year earlier.

Analysts polled by Capital IQ expected $1.15 billion.

The company slashed its full-year diluted earnings guidance to a range of $1.55 to $1.75 per share from $1.75 to $2.05 per share previously. Analysts polled by Capital IQ expect $1.83.

The company also lowered its full-year net sales guidance to $4.40 billion to $4.49 billion from $4.60 billion to $4.77 billion. Analysts polled by Capital IQ expect $4.57 billion.

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