Floor & Decor shares are trading lower after the company reported worse-than-expected Q3 sales results and issued FY23 net sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Floor & Decor reported worse-than-expected Q3 sales results and issued FY23 net sales guidance below estimates, causing its shares to trade lower.
November 02, 2023 | 8:56 pm
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NEGATIVE IMPACT
Floor & Decor's shares are trading lower due to worse-than-expected Q3 sales and lower FY23 net sales guidance.
Floor & Decor's lower-than-expected Q3 sales and FY23 net sales guidance are likely to negatively impact investor sentiment, leading to a decrease in the company's share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100