FND Earnings Prediction
The chart below shows how FND performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FND sees a +1.28% change in stock price 10 days leading up to the earnings, and a +5.51% change 10 days following the report. On the earnings day itself, the stock moves by +0.64%. This data can give you a slight idea of what to expect for the next quarter's release.
FND Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.11B
5.66%
-0.94%
Gross Margin
43.46%
3.03%
0.00%
Operating Margin
4.73%
1.72%
-20.50%
Net Margin
4.29%
21.19%
-7.14%
EPS
0.44
29.41%
-8.33%
No Data Available
FND Earnings Analysis
Floor & Decor Holdings Inc Corporation (FND.N) Earnings Conference Call
Positive
Earnings Beat Expectations: Floor & Decor Holdings, Inc. reported a strong earnings performance, beating expectations with an EPS of $0.4379 compared to the expected $0.25.
Store Expansion Milestone: The company successfully opened its 250th store, marking a significant milestone in its growth strategy and demonstrating its commitment to expanding its warehouse format stores.
Market Share Growth: Despite challenges in the hard surface flooring category, Floor & Decor managed to grow its market share and reported better-than-expected comparable store sales, earnings flow-through, and operating cash flow for Q4 2024.
Comparable Store Sales Improvement: The company achieved a notable improvement in comparable store sales, with a decline of only 0.8% in Q4 2024, compared to larger declines in previous quarters, indicating a positive trend.
Gross Profit Increase: Floor & Decor's gross profit rose by 8.9% in Q4 2024, driven by an increase in gross margin rate to 43.5%, reflecting effective cost management and operational efficiency.
Future Growth Opportunities: The company is optimistic about future growth opportunities, citing a supply-demand imbalance in housing and an aging housing stock as significant secular growth drivers.
Connected Customer Sales Growth: Floor & Decor's connected customer sales increased by 6% in Q4 2024, indicating a successful integration of technology and customer engagement strategies.
Expansion Strategy: The company plans to open 25 new warehouse format stores in fiscal 2025, demonstrating its commitment to long-term growth despite current market conditions.
Negative
Sales Performance Decline: Comparable store sales decreased by 7.1% for fiscal 2024, indicating a significant decline in sales performance compared to the previous year.
Flooring Category Challenges: The company faced challenges within the hard surface flooring category, which impacted overall sales and market conditions.
Sales Performance Analysis: Despite a 5.7% increase in total sales for the fourth quarter, the comparable store sales only decreased by 0.8%, reflecting ongoing struggles in the existing store performance.
Sales Decline Analysis: The commercial business, Spartan Surfaces, experienced a 17.9% decline in sales for the fourth quarter, primarily due to weakness in the multifamily residential market and pricing pressures.
Rising Operating Expenses: Selling and store operating expenses increased by 10.1% in the fourth quarter, indicating rising costs that could pressure profitability.
Effective Tax Rate Increase: The effective tax rate increased to 19.9% from 18.1% in the same period last year, which could impact net earnings.
Gross Margin Impact Concerns: The company anticipates potential adverse impacts on gross margin rates due to new distribution centers, which could affect profitability in fiscal 2025.
Sales Decline Continues: The first quarter of fiscal 2025 has already seen a 1.7% decrease in comparable store sales, indicating a continuation of the sales decline into the new fiscal year.
FND FAQs
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FND Earning Call Sentiment
Floor & Decor Holdings, Inc. (NYSE:FND) Q4 2024 Earnings Call Transcript
FND.N
-5.46%Positive
The earnings call presents mixed signals: strong EPS and gross profit growth, but declining comparable store sales and weak guidance. The Q&A reveals management's cautious stance on future demand and lack of clarity on immigration policy impacts. Despite some positive aspects like competitor closings and market share gains, the absence of a share buyback or dividend program, coupled with commercial sector weakness, balances the positive factors, leading to a neutral stock price prediction.
