-=Floor & Decor (FND) reported earnings on Thur 1 Nov 2018 (b/o)

Floor & Decor beats by $0.02, beats on revs; guides Q4 EPS below consensus, revs below consensus; guides FY18 EPS in-line, revs in-line 

• Reports Q3 (Sep) earnings of $0.24 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.22; revenues rose 26.8% year/year to $435.9 mln vs the $428.88 mln S&P Capital IQ Consensus.
• Comparable store sales increased 11.1% from third quarter 2017. 
• Co issues downside guidance for Q4, sees EPS of $0.16-0.19, excluding non-recurring items, vs. $0.21 S&P Capital IQ Consensus; sees Q4 revs of $429-437 mln vs. $443.02 mln S&P Capital IQ Consensus.
• Comparable store sales expected flat to +2.0%. 
• Co issues in-line guidance for FY18, sees EPS of $0.93-0.96, excluding non-recurring items, vs. $0.96 S&P Capital IQ Consensus and in-line with prior guidance; sees FY18 revs of $1.702-1.710 bln vs. $1.71 bln S&P Capital IQ Consensus and prior guidance of $1.696-1.710 bln.
• Comparable store sales 9.0% to 10.0%, in-line with prior guidance.