Floor & Decor Holdings (NYSE: FND) reported Q1 EPS of $0.29, $0.01 better than the analyst estimate of $0.28. Revenue for the quarter came in at $477.1 million versus the consensus estimate of $480.14 million.

Tom Taylor, Chief Executive Officer, stated, “We are very pleased with our first quarter results, and the start to 2019, as we delivered earnings per share that exceeded the high-end of our guidance on solid execution across all of our functional areas. Comparable-store sales grew 3.1% on top of last year’s strong 15.6% increase, representing our 41st consecutive quarter of growth and further reinforcing the long-term growth prospects of our highly differentiated, multi-channel, hard-surface flooring and accessories business model.”

Mr. Taylor continued, “We are making excellent progress on our growth initiatives that we have planned for fiscal 2019, including our goal of opening 20 new warehouse stores, which would represent another year of 20% unit growth. We are also excited about the improvements we are seeing in our customer satisfaction and engagement scores. We strongly believe that delivering a consistently great value proposition with a differentiated and ever-improving experience across all of our touch points with our Professional, Do-it-Yourself and Buy-it-Yourself customers will drive continued market share gains. As we look to the remainder of fiscal 2019, we remain focused on execution of our key growth strategies and aim to capitalize on the significant growth opportunity that exists for Floor & Decor.”

GUIDANCE:

Floor & Decor Holdings sees Q2 2019 EPS of $0.29-$0.31, versus the consensus of $0.32. Floor & Decor Holdings sees Q2 2019 revenue of $505-515 million, versus the consensus of $527.4 million.

Floor & Decor Holdings sees FY2019 EPS of $1.07-$1.12, versus the consensus of $1.11. Floor & Decor Holdings sees FY2019 revenue of $2.02-2.055 billion, versus prior of $2.06-$2.094 billion and the consensus of $2 billion.

For earnings history and earnings-related data on Floor & Decor Holdings (FND) click here.