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Investing.com -- Floor & Decor Holdings, Inc. (NYSE:FND) reported first quarter fiscal 2025 results that met analyst expectations, with shares rising 3.2% following the announcement.
The flooring retailer posted adjusted earnings per share of $0.45, in line with Wall Street estimates. Revenue grew 5.8% year-over-year to $1.16 billion, matching analyst projections. However, comparable store sales declined 1.8% compared to the same period last year.
Despite macroeconomic headwinds, Floor & Decor managed to grow its top line through new store openings. The company opened four new warehouse stores during the quarter, ending with 254 warehouse locations and five design studios.
"These first quarter results are a testament to our focus on what we can control," said CEO Tom Taylor. "Despite the macroeconomic and geopolitical uncertainty, we believe we have a proactive, flexible plan that we are implementing and executing."
For the full fiscal year 2025, Floor & Decor now expects revenue between $4.66 billion and $4.8 billion, below the consensus estimate of $4.815 billion. The company also lowered its new store opening target to 20 locations from 25 previously planned.
The retailer forecasts fiscal 2025 earnings per share of $1.70 to $2.00, compared to analyst expectations of $1.95.
While facing a challenging environment, Floor & Decor’s ability to meet Q1 expectations and maintain growth appears to have been viewed positively by investors, as reflected in the stock’s post-earnings gain.
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