=Floor & Decor (FND) reported earnings on Thur 2 May 2019 (a/h)

Floor & Decor beats by $0.01, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; reaffirms FY19 EPS guidance, guides FY19 revs below consensus

• Reports Q1 (Mar) earnings of $0.29 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.28; revenues rose 18.4% year/year to $477.05 mln vs the $480.17 mln S&P Capital IQ Consensus.
  • Comparable store sales increased 3.1% from the first quarter 2018; Comparable store sales excluding Houston increased 7.1%
• Co issues downside guidance for Q2, sees EPS of $0.29-0.31, excluding non-recurring items, vs. $0.32 S&P Capital IQ Consensus; sees Q2 revs of $505-515 mln vs. $526.84 mln S&P Capital IQ Consensus. 
  • Sees comps of 1-3%
• Co issues guidance for FY19, sees EPS of $1.07-1.12, excluding non-recurring items, vs. $1.11 S&P Capital IQ Consensus; sees FY19 revs of $2.02-2.055 bln vs. $2.08 bln S&P Capital IQ Consensus. 
  • Expects comps +3-5% vs previous guidance of +6-8%