Floor & Decor Holdings Inc (FND)

Shares of Floor & Decor Holdings (FND) dropped by 4.91% from $84.92 to $80.75 in the trading on Friday, November 3, 2023. The reason why FND down is due to company's quarterly earnings report, which failed to meet both revenue and earnings expectations.

• Earnings and Revenue Miss: For the quarter ending in September 2023, Floor & Decor reported revenue of $1.11 billion, representing a 0.9% increase compared to the same period the previous year. Earnings per share (EPS) came in at $0.61, down from $0.70 in the year-ago quarter. Both revenue and EPS figures missed Wall Street expectations, with revenue falling short by -1.33% and EPS exceeding estimates by +10.91%.
• Key Metrics and Analyst Projections: Investors often focus on key metrics and analyst projections to assess a company's financial performance. In this quarter, Floor & Decor reported:
• Comparable store sales: -9.3% compared to a nine-analyst average estimate of -9.2%.
• Total stores: 207, below the four-analyst average estimate of 214.
• New stores opened: 5, fewer than the 10 estimated by three analysts on average.

Floor & Decor Holdings Stock (FND) dropped by 5.15% from $87.45 to $82.95 in the trading on Thursday October 12, 2023. The reasons why FND stock down today include

• Lower price target: Floor & Decor had its target price cut by investment analysts at Barclays from $88.00 to $80.00.
• Share selling: Pelham Capital Ltd. trimmed its position in shares of FND by 49.9% during the second quarter. The institutional investor owned 170,563 shares of the company's stock after share selling.
• Earnings Conference Call: The company announced to host a conference call today to discuss the financial results for Q3 of fiscal 2023 to be released after market close on Thursday, November 2, 2023.