Floor & Decor Hldgs Q1 2024 GAAP EPS $0.46 Beats $0.44 Estimate, Sales $1.097B Miss $1.116B Estimate
Portfolio Pulse from Benzinga Newsdesk
Floor & Decor Holdings (FND) reported Q1 2024 GAAP EPS of $0.46, surpassing the $0.44 estimate, but its sales of $1.097B fell short of the $1.116B estimate. This represents a 30.3% decrease in earnings and a 2.23% decrease in sales from the same period last year.

May 02, 2024 | 8:33 pm
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FND's Q1 2024 earnings surpassed estimates but sales missed expectations, indicating mixed financial health.
While FND's earnings per share exceeded analyst expectations, the miss on sales forecasts could concern investors about growth prospects. The decrease in both earnings and sales year-over-year further complicates the outlook, potentially leading to a neutral short-term impact on the stock as the market digests both positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100