Floor And Decor (FND) Q2 Earnings Report Preview: What To Look For
Specialty flooring retailer Floor & Decor (NYSE:FND) will be reporting earnings this Thursday after market hours. Here’s what investors should know.
Floor And Decor missed analysts’ revenue expectations last quarter, reporting revenues of $1.15 billion, flat year on year. It was a softer quarter for the company, with a miss of analysts’ EBITDA estimates and full-year revenue guidance missing analysts’ expectations.
Is Floor And Decor a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Floor And Decor’s revenue to grow 1.3% year on year, slowing from the 7.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Floor And Decor has missed Wall Street’s revenue estimates multiple times over the last two years.
With Floor And Decor being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for home furnishing and improvement retail stocks. However, investors in the segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Floor And Decor is down 2.9% during the same time .
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