Floor & Decor Holdings Inc. (FND), a leading retailer of hard-surface flooring and related accessories, saw its stock skyrocket 14.47% in after-hours trading on Thursday. This significant surge came after the company reported better-than-expected fourth quarter earnings for 2024.
While the exact details of the earnings release are yet to be disclosed, analysts had projected an earnings per share (EPS) of $0.25 for the quarter. The strong after-hours reaction from investors suggests that Floor & Decor delivered solid results that exceeded Wall Street's expectations.
The retailer may have also provided an upbeat outlook for 2025, fueling optimism about its future growth prospects. Floor & Decor has been consistently expanding its nationwide footprint and enhancing its product offerings, catering to the increasing demand for home improvement and renovation projects.
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