Floor & Decor Holdings Inc. is a specialty retailer that focuses on providing a wide range of hard surface flooring and related products
The company offers a diverse selection of tile, wood, laminate, and natural stone options, catering to both residential and commercial customers. In addition to floor coverings, Floor & Decor also supplies various installation materials, tools, and accessories, making it a one-stop shop for home improvement projects. With a commitment to quality and customer service, Floor & Decor aims to empower homeowners, contractors, and designers to create beautiful spaces by providing an extensive array of products at competitive prices.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Floor And Decor (NYSEFND) and the rest of the home furnishing and improvement retail stocks fared in Q3.
Floor And Decor currently trades at $114.10 per share and has shown little upside over the past six months, posting a small loss of 1.6%. The stock also fell short of the S&P 500’s 12.9% gain during that period.
Retail growth opportunities with XRT, Floor & Decor, and Shake Shack with strong margins, rising consumer spending, and 2024 momentum drive these investments.
Specialty flooring retailer Floor & Decor (NYSEFND) fell short of the market’s revenue expectations in Q3 CY2024, with sales flat year on year at $1.12 billion. The company’s full-year revenue guidance of $4.42 billion at the midpoint also came in slightly below analysts’ estimates. Its GAAP profit of $0.48 per share was 12.7% above analysts’ consensus estimates.
