=Floor & Decor (FND) reported earnings on Thur 2 Nov 2017 (b/o)

Floor & Decor beats by $0.03, beats on revs; guides Q4 EPS above consensus, revs above consensus; guides FY17 EPS above consensus, revs above consensus

• Reports Q3 (Sep) earnings of $0.17 per share, excluding non-recurring items, $0.03 better thanthe Capital IQ Consensus of $0.14 and versus company guidance of $0.12-$0.14; revenues rose 26.8% year/year to $343.9 mln vs the $338.62 mln Capital IQ Consensus and company guidance of $331-$337 mln.
• Comps +13.5%
• Co issues upside guidance for Q4, sees EPS of $0.14-$0.16, excluding non-recurring items, vs. $0.13 Capital IQ Consensus Estimate; sees Q4 revs of $362-$370 mln vs. $347.23 mln Capital IQ Consensus ; comps +17-19%
• Co issues upside guidance for FY17, sees EPS of $0.64-$0.65, excluding non-recurring items, vs. $0.60 Capital IQ Consensus Estimate and prior guidance of $0.57-$0.60; sees FY17 revs of $1.357-$1.365 bln vs. $1.34 bln Capital IQ Consensus Estimate and prior guidance of $1.318-$1.331 bln.  

Floor & Decor Holdings (FND) began trading on the NYSE on 27 April 2017

• Share Price‎: ‎$21.00 Shares 
• Shares Offered‎: ‎8,823,500
• Shares Outstanding‎: ‎92,358,5775/26/17: Shares spiked 11%, obliterating a 39.59 buy point in an eight-day IPO base. Wells Fargo initiated coverage with an outperform rating and a 40 price target, and Standard & Poor's upgraded the stock's credit rating to a B-. Shares ended the session 102% above the stock's April 27 IPO price.

Description

Floor & Decor Holdings, Inc., formerly FDO Holdings, Inc., is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY). The Company engages their customers both through trained store associates and designers who can assist in narrowing choices and making the process of home renovation easier. The Company also sells the products through its Website www.flooranddecor.com.

Key stats and ratios

	Q1 (Mar '17)	2016
Net profit margin	3.62%	4.10%
Operating margin	7.38%	6.41%
EBITD margin	-	10.30%
Return on average assets	5.25%	5.45%
Return on average equity	31.84%	19.27%
Employees	4,391

Address

2233 Lake Park Dr SE
SMYRNA, GA 30080-8813
United States

Website 

www.flooranddecor.com