Why Floor & Decor Stock Is Moving

Floor & Decor Holdings Inc FND shares are trading lower by 2.65% to $92.00 Tuesday morning. The stock is falling potentially in sympathy with peer home improvement retailer Home Depot Inc, which reported mixed fourth-quarter results and issued flat 2023 sales growth guidance.

See Also: Home Depot Posts Mixed Q4 Earnings, Hikes Dividend By 10%, Forecasts Decline In FY23 EPS

So What Happened With Home Depot?

Home Depot Tuesday morning reported fourth-quarter FY22 sales growth of 0.3% year-on-year to $35.83 billion, marginally missing the consensus of $35.97 billion.

Meanwhile, customer transactions for the quarter fell 6%. Comparable sales decreased 0.3%, and comparable sales in the U.S. slipped 0.3%...Read More

According to data from Benzinga Pro, Floor & Decor has a 52-week high of $104.83 and a 52-week low of $59.91.