Earnings
Floor & Decor Says Quarter-To-Date Comps Are Down About 3.8% After A Positive September
CEO Brad Paulsen blamed mortgage rates near 7.5% and fuel costs, and the CFO would not commit to a 2027 gross margin.
Floor & Decor (FND) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
CEO Brad Paulsen blamed mortgage rates near 7.5% and fuel costs, and the CFO would not commit to a 2027 gross margin.
Earnings
The CEO calls the slowdown a pacing decision and says the 500-warehouse-store goal in the U.S. is unchanged.
SEC Filings
The retailer's own 10-Q credits higher trade payables for the jump, while it spent $157.1 million on buybacks over nine months.
Earnings
The flooring retailer also cut its full-year same-store sales outlook and named an Impactive Capital founder to its board.