Floor & Decor reports Q1 EPS 45c, consensus 45c

Reports Q1 revenue $1.16B, consensus $1.16B. Comparable store sales decreased 1.8%. Tom Taylor, Chief Executive Officer, stated, “We are pleased to deliver fiscal 2025 first quarter diluted earnings per share of $0.45, compared to $0.46 in the same period last year. This result exceeded the low end of our first quarter earnings expectations, even though comparable store sales were at the lower end of our forecast. These first quarter results are a testament to our focus on what we can control. Despite the macroeconomic and geopolitical uncertainty, we believe we have a proactive, flexible plan that we are implementing and executing. We successfully managed an increase in tariffs in 2018 and 2019 by pursuing strategies to grow our market share and protect our profitability. Today, we intend to employ similar strategies to achieve these goals in 2025 and beyond. The uncertain macroeconomic environment has led us to prudently reduce our planned new store openings in fiscal 2025. We now intend to open 20 new stores instead of our prior expectation of 25 new stores in fiscal 2025.”