Floor and Decor Holdings Inc stock price

– Floor and Decor Holdings Inc stock price hits new 52-week high

Floor and Decor Holdings Inc stock price reached a new 52-week high of $46.48 on Monday morning. This is up from the previous 52-week high of $45.75 that was set on Friday.

The company has been on a roll lately, with its stock price up more than 50% since the beginning of the year. The company is benefiting from the strong housing market, as more people are undertaking home improvement projects.

Floor and Decor is a leading retailer of flooring and tile products, and has a growing presence across the United States. The company has been investing heavily in its online business, and this is starting to pay off with strong growth in online sales.

The company is well-positioned to continue its strong growth in the coming years. The stock looks like a good long-term investment at current levels.

– Floor and Decor Holdings Inc stock price jumps on strong earnings

Floor and Decor Holdings Inc (NYSE: FND) stock jumped on Thursday after the company reported strong first-quarter earnings.

Net sales rose 14.1% to $547.6 million, beating estimates of $531.8 million. Adjusted earnings per share of $0.28 beat estimates of $0.23.

The company attributed the strong results to continued growth in its core business, as well as expansion into new markets.

“We are off to a strong start in 2019 with double-digit sales growth and Adjusted EPS growth of 22%,” said CEO Tom Taylor in a statement. “Our core business continues to perform well, and we are making progress with our expansion into new markets.”

Looking ahead, Floor and Decor expects second-quarter net sales in the range of $565-$575 million, and adjusted EPS in the range of $0.30-$0.32. Analysts are expecting second-quarter sales of $562.3 million and EPS of $0.29.

For the full year, Floor and Decor expects net sales in the range of $2.36-$2.39 billion, and adjusted EPS in the range of $1.25-$1.29. Analysts are expecting sales of $2.37 billion and EPS of $1.27.

Floor and Decor stock was up 10.2% on Thursday morning.

– Floor and Decor Holdings Inc stock price falls on weak guidance

Floor and Decor Holdings Inc (NYSE: FND) stock price fell on weak guidance released along with its first-quarter results. The company reported first-quarter adjusted EPS of $0.46, which beat the analyst estimate of $0.42. However, revenue of $490.5 million missed the estimate of $492.9 million.

The company issued weak guidance for the second quarter. Floor and Decor expects second-quarter adjusted EPS in the range of $0.22-$0.24, which is below the analyst estimate of $0.29. The company expects second-quarter revenue in the range of $460-$470 million, which is below the estimate of $473.5 million.

The company blamed the weak guidance on the continued impact of the pandemic. Floor and Decor said that the pandemic has led to lower traffic in its stores and a shift in consumer behavior. The company noted that the pandemic has caused a shift from large projects to smaller projects, and from professional customers to do-it-yourself customers.

Floor and Decor also announced that it has withdrawn its guidance for the full year. The company had previously issued guidance for full-year adjusted EPS in the range of $1.65-$1.75 and full-year revenue in the range of $2.025-$2.075 billion.

The company’s stock price fell sharply after the weak guidance was released. Floor and Decor’s stock is down 16% so far in 2020.

Floor and Decor Holdings Inc is a specialty retailer of hard surface flooring and related accessories. The company operates a chain of retail stores across the United States. Floor and Decor’s stock price has fallen sharply in 2020 as the pandemic has led to a slowdown in the company’s business.