Floor And Decor (FND) Reports Earnings Tomorrow: What To Expect

Kayode Omotosho /
2024/05/01 3:06 am EDT

Specialty flooring retailer Floor & Decor (NYSE:FND) will be reporting earnings tomorrow after market hours. Here's what investors should know.

Floor And Decor beat analysts' revenue expectations by 3.8% last quarter, reporting revenues of $1.05 billion, flat year on year. It was a decent quarter for the company, with an impressive beat of analysts' earnings estimates but underwhelming earnings guidance for the full year.

Is Floor And Decor a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Floor And Decor's revenue to be flat year on year at $1.12 billion, slowing from the 9.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.44 per share.

Floor And Decor Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Floor And Decor has missed Wall Street's revenue estimates three times over the last two years.

Looking at Floor And Decor's peers in the home furnishing and improvement retail segment, only Sleep Number has reported results so far. It met analysts' revenue estimates, posting year-on-year sales declines of 10.7%. The stock traded up 4.8% on the results.

Read our full analysis of Sleep Number's earnings results here.

Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed inflation signals have led to uncertainty around rate cuts, and while some of the home furnishing and improvement retail stocks have fared somewhat better, they have not been spared, with share prices down 8% on average over the last month. Floor And Decor is down 9.1% during the same time and is heading into earnings with an average analyst price target of $113.3 (compared to the current share price of $110.33).

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