Overview

* Floor & Decor ( FND ) fiscal Q3 net sales rise 5.5%, beating analyst expectations

* Diluted EPS for fiscal Q3 increases 10.4% yr/yr, despite soft demand

* Company opens five new warehouse stores in fiscal Q3

Outlook

* Company expects fiscal 2025 net sales of $4,660 mln to $4,710 mln

* Floor & Decor ( FND ) projects fiscal 2025 diluted EPS of $1.87 to $1.97

* Company plans to open 20 new warehouse stores in fiscal 2025

Result Drivers

* NEW STORE OPENINGS - Opened five new warehouse stores, contributing to overall sales growth

* OPERATIONAL DISCIPLINE - Achieved 10.4% increase in EPS due to operational discipline amid soft demand

* COMPARABLE SALES DECLINE - Comparable store sales decreased 1.2%, reflecting industry challenges

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales In-line $1.17 $1.17

bln bln (19

Analysts

)

Q3 EPS $0.53

Q3 Net $57.26

Income mln

Q3 $72.01

Operatin mln

g income

Q3 $71.42

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 14 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the home improvement products & services retailers peer group is "buy."

* Wall Street's median 12-month price target for Floor & Decor Holdings Inc ( FND ) is $78.67, about 12.2% above its October 29 closing price of $69.08

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)