Why Floor & Decor Stock Rose as Much as 13% This Morning
Shares of Floor & Decor Holdings (NYSE: FND), a retailer of flooring products, rose sharply at the open on Friday, gaining as much as 13% in morning trading. On the top line, Floor & Decor witnessed a 26.7% year-over-year sales increase. On the bottom line, Floor & Decor reported adjusted earnings per share of $0.76 in the second quarter, up around 4% year over year.