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Floor & Decor Holdings (FND)
NYSE:FND
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.25Last Year’s EPS
$0.34Same Quarter Last Year
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 0.50%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a number of strategic initiatives and operational efficiencies that are helping to mitigate the impact of challenging market conditions. Despite improvements in gross margin and customer service metrics, the company is still facing significant headwinds from declining comparable store sales and macroeconomic pressures. The impact of recent hurricanes also posed operational challenges. However, management remains cautiously optimistic about future growth opportunities and potential benefits from new store openings.Company Guidance
During the Floor & Decor Q3 2024 earnings call, the company reported a better-than-expected diluted earnings per share of $0.48, down from $0.61 in the same period last year. This performance was attributed to tight expense management across the company, despite challenges such as hurricanes affecting store operations. The company adjusted its full-year diluted EPS guidance to a range of $1.65 to $1.75, narrowing it from the previous $1.55 to $1.75 range. Total sales for the third quarter increased by 0.9% to $1,118 million, although comparable store sales saw a decline of 6.4%. The gross margin rate improved by 130 basis points to 43.5%, driven by favorable supply chain costs. Looking forward, Floor & Decor plans to open approximately 25 new warehouse format stores in fiscal 2025, with a long-term goal of operating 500 stores, contingent on improvements in existing home sales. The company also highlighted ongoing strategic initiatives, including enhancing design services and capturing market share through new store openings and competitive pricing strategies.Gross Margin Improvement
The fiscal 2024 third quarter gross margin rate increased by 130 basis points to 43.5% from 42.2% in the same period last year, driven by favorable supply chain costs and a shift to higher-margin products.
Expansion of Store Network
Floor & Decor opened 11 new warehouse format stores in Q3 2024, ending the quarter with a total of 241 warehouse format stores and 5 design studios. The company plans to open 10 more stores in Q4 2024.
Improved Customer Service Metrics
Record customer service scores were achieved in September, driven by high customer engagement and efficient training of associates.
Connected Customer Sales Growth
Connected customer sales increased by 3.4% in Q3 2024, accounting for approximately 19% of total sales.
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FND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $100.88 | $103.05 | +2.15% |
| Aug 01, 2024 | $94.14 | $97.89 | +3.98% |
| May 02, 2024 | $112.76 | $113.04 | +0.25% |
| Feb 22, 2024 | $113.53 | $117.11 | +3.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Floor & Decor Holdings (FND) report earnings?
Floor & Decor Holdings (FND) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Floor & Decor Holdings (FND) earnings time?
Floor & Decor Holdings (FND) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FND EPS forecast?
FND EPS forecast for the fiscal quarter 2024 (Q4) is $0.25.
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