Floor & Decor Hldgs Raises FY2024 GAAP EPS Guidance from $1.55-1.75 to $1.65-1.75 vs $1.68 Est; Narrows FY2024 Sales Guidance from $4.40B-4.49B to $4.40B-4.43B vs $4.46B Est
Portfolio Pulse from Benzinga Newsdesk
Floor & Decor Holdings has raised its FY2024 GAAP EPS guidance and narrowed its sales outlook. The EPS guidance is now $1.65-1.75, up from $1.55-1.75, compared to the $1.68 analyst estimate. The sales guidance is now $4.40B-$4.43B, narrowed from $4.40B-$4.49B, against a $4.46B estimate.
October 30, 2024 | 9:30 pm
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Floor & Decor Holdings has increased its FY2024 GAAP EPS guidance to $1.65-1.75, which is above the previous range and close to the analyst estimate of $1.68. The sales guidance has been narrowed to $4.40B-$4.43B, slightly below the $4.46B estimate.
The increase in EPS guidance suggests improved profitability expectations, which is positive for the stock. However, the narrowing of sales guidance below analyst estimates indicates potential challenges in revenue growth. Overall, the positive EPS outlook is likely to have a favorable short-term impact on the stock price.
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