Floor & Decor (NYSE:FND) posted better-than-expected fourth-quarter earnings and revenue, reinforcing investor confidence in its growth trajectory despite a slight dip in comparable sales.
For Q4, the specialty flooring retailer reported earnings per share of $0.44, far exceeding analyst expectations of $0.25. Revenue reached $1.11 billion, surpassing the $1.08 billion forecast and marking a 5.7% year-over-year increase.
Looking ahead, Floor & Decor provided a fiscal 2025 earnings outlook of $1.80 to $2.10 per share, closely aligning with the $1.98 consensus estimate. The company projects annual revenue between $4.74 billion and $4.9 billion, compared to analyst expectations of $4.86 billion.
Despite reporting a 0.8% decline in comparable store sales for the quarter, Floor & Decor continued its aggressive expansion, opening 10 new warehouse stores in Q4, bringing its total store count to 251 across 38 states.