FND - What's In The Cards For Floor & Decor In Q3? Analyst Sees Pressured Operating Margins Amid Weak Housing Market | Benzinga
Telsey Advisory Group analyst Joseph Feldman reiterated the Market Perform rating on Floor & Decor Holdings, Inc. (NYSE: FND), lowering the price target to $90 from $105.
Floor & Decor will report 3Q23 earnings on Thursday, November 2.
The analyst expects 3Q23 sales to increase 3% YoY to $1.1 billion, on a lower comp of (9.0%) vs. (8.5%) previously.
As of August 3, Floor & Decor's 3Q23-to-date comp was (8.4%) vs. a tough comparison of 13% through August 4, 2022.
The analyst adds that sales likely remained ...