Floor & Decor Raises FY Earnings Outlook as 2Q Profit and Sales Increase

Dow Jones
07/31
 

Floor & Decor reported higher profit and revenue in the second quarter, and it raised its full-year earnings outlook.

The flooring retailer reported a profit of $95.9 million, or 89 cents a share, compared with a profit of $63.2 million, or 58 cents a share, a year earlier.

Adjusted earnings were 58 cents a share, compared with analysts' expectations of 57 cents a share, according to FactSet.

Revenue rose 3% to $1.25 billion. Analysts polled by FactSet expected $1.23 billion.

Floor & Decor said comparable store sales fell 2.1%, as it said demand for home improvement flooring projects remains uneven. However, it noted there was a sequential improved from the April quarter to the June quarter.

For the full year, Floor & Decor raised its earnings guidance to $2.20 and $2.45 a share, from a prior range of $1.83 to $2.08 a share. It expects revenue of $4.77 billion to $4.99 billion, in line with its prior outlook. Analysts are expecting earnings of $1.91 a share and revenue of $4.83 billion for the year.

 

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10