Floor & Decor Hldgs Q4 2023 GAAP EPS $0.34 Beats $0.26 Estimate, Sales $1.05B Beat $1.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Floor & Decor Holdings (FND) reported Q4 2023 GAAP EPS of $0.34, surpassing the $0.26 estimate, with sales of $1.05B also beating the $1.01B estimate. However, this represents a 46.88% decrease in earnings per share compared to the same period last year, while sales remained consistent year-over-year.
February 22, 2024 | 9:12 pm
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Floor & Decor Holdings reported higher-than-expected Q4 2023 earnings and sales, but experienced a significant decrease in EPS compared to last year.
The positive earnings and sales beat are likely to be viewed favorably by investors, potentially leading to a short-term increase in FND's stock price. However, the significant decrease in EPS year-over-year could temper some of the enthusiasm, suggesting a mixed but overall positive short-term impact.
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