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 03, 2023 | 1:21 pm
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Floor & Decor's shares are trading lower due to worse-than-expected Q3 sales and lower FY23 net sales guidance.
Floor & Decor's shares are trading lower as a direct result of the company's worse-than-expected Q3 sales results and lower FY23 net sales guidance. This indicates a negative market reaction to the company's financial performance and future outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100