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ATLANTA - Floor & Decor Holdings, Inc. (NYSE: NYSE:FND) saw its stock surge over 14% in after-hours trading on Thursday after the specialty retailer reported fourth quarter earnings and revenue that exceeded analyst expectations.
The company reported fourth quarter earnings per share of $0.44, significantly beating the analyst consensus estimate of $0.25. Revenue for the quarter came in at $1.11 billion, topping expectations of $1.08 billion and representing a 5.7% increase from the same period last year.
"We are extremely proud of our store and store support teams for executing our sales and customer service initiatives and diligently managing our costs during the fourth quarter and full-year," said CEO Tom Taylor. "Their hard work enabled us to report fourth quarter comparable store sales, earnings flow-through, and earnings per share that were better-than-expected despite the macroeconomic challenges affecting our category."
For fiscal 2025, Floor & Decor expects earnings per share between $1.80 and $2.10, compared to analyst estimates of $1.98. The company projects revenue in the range of $4.74 billion to $4.9 billion, versus the consensus forecast of $4.86 billion.
Comparable store sales decreased 0.8% in the fourth quarter. The company opened 10 new warehouse stores during the period, ending the fiscal year with 251 stores across 38 states.
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