Floor & Decor's Expansion Plans Weighing On Profits [Seeking Alpha]
Floor & Decor Holdings, Inc. (FND)
NASDAQ:AMEX Investor Relations:
dictionary.com/browse/floor
Company Research
Source: Seeking Alpha
Play 9min Summary I anticipate Q3 earnings to show pressured profitability, primarily due to rising expenses from aggressive store openings. Double-digit decline in operating and net income is concerning, reflecting challenges in cost control due to their expansion plans. I'm particularly concerned with the company's declining comparable store sales, which signal weakening demand for their products. Recent sizable selling activity by an activist investor may indicate low confidence in the company's near-term growth prospects. I project that profitability will improve only if expenses stabilize and better sales performance are achieved. Until I see positive results from their expansion plans, I maintain a Hold rating. anzeletti/E+ via Getty Images Floor & Decor Holdings, Inc. ( NYSE: FND ) is bound to release Q3 2024 earnings on October 30. The news section of the company's website shows several new opening stores since the release of Q2 earnings. However, it T
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FND
News
- Floor & Decor Announces Grand Opening of West Chester, Ohio StoreBusiness Wire
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Billionaire Warren Buffett Just Dumped Floor & Decor and Launched a New Stake in This Historic Pizza Company [Yahoo! Finance]Yahoo! Finance
- Floor & Decor Announces Grand Opening of Georgetown, Texas StoreBusiness Wire
- Floor & Decor Announces Grand Openings of Two New Jersey StoresBusiness Wire
FND
Earnings
- 10/30/24 - Beat
FND
Sec Filings
- 11/14/24 - Form SC
- 11/5/24 - Form 4
- 11/5/24 - Form 4/A
- FND's page on the SEC website