Floor & Decor Holdings Inc. (FND) saw its stock price plummet 5.02% during intraday trading on Thursday, as investors reacted to the company's upcoming quarterly earnings announcement.

The sharp decline comes ahead of Floor & Decor's scheduled fourth-quarter earnings report, which is expected to be released after market close according to the earnings calendar. Market participants often adjust their positions ahead of earnings announcements due to uncertainty about financial results and future guidance.

While the specific earnings estimates were not detailed in the movement, the timing of the stock decline suggests investors may be taking a cautious approach or repositioning their portfolios before the earnings release. Such pre-earnings volatility is not uncommon in equity markets as traders anticipate potential surprises in financial performance.