If I had a time machine and could go back 40 years, The Home Depot (HD 2.33%) would be on my list of stocks to buy. The company reimagined what a home-improvement store could be with its sprawling spaces stocking more products than traditional shops. This allowed for rapid expansion to over 2,300 locations today.A $10,000 investment in The Home Depot stock 40 years ago would be worth nearly $15 million today. And reinvesting dividends would have resulted in an investment worth over $25 million. Shares of Th ...

关于Warren Buffett和Berkshire Hathaway - 60年前Warren Buffett买入处于衰落期的Berkshire Hathaway如今价值超1万亿美元得益于Buffett多年来对公司现金的明智再投资[1] - 11月14日Berkshire Hathaway公布季度持股情况卖出Ulta Beauty和Floor & Decor但被认为是错误决策[3] 关于Ulta Beauty - Ulta Beauty是拥有1400多家门店的大型化妆品零售连锁公司2024年净销售额将略有回落同店销售额温和下降增长前景看似有限[5] - 公司即使在业务放缓时仍有强劲盈利能力预计今年营业利润率接近13%长期保持在12%以上[6] - 公司10月批准30亿美元回购计划通过减少股份数量可使每股收益增速远超营收管理层预计每股收益将实现两位数增长[7] - 两位数的每股收益增长可能使Ulta Beauty股票增速超过标普500化妆品支出极具韧性且目前市盈率处于历史第三低水平[8] 关于Floor & Decor - Floor & Decor股票较历史高点下跌30%由于家装市场收缩2024年同店销售额预计同比下降约8%但目前无需过度担忧[10] - 截至2024年第三季度末公司仅有241家门店有很大的扩张空间管理层长期目标是500家门店2024年共开30家新店2025年预计再开25家[12] - 2024年前三季度利润率为4.7%虽低于近年来的9%但公司仍在盈利为市场复苏做好准备[13] - 预计住房市场将在未来五年内复苏届时公司销售额将反弹利润率将回升到历史水平股票表现有望强劲[14]

关于伯克希尔哈撒韦退出Floor & Decor投资的总体情况 - 伯克希尔哈撒韦最新13F文件显示其完全退出Floor & Decor Holdings股票[2] 伯克希尔哈撒韦投资Floor & Decor并非长期投资 - 巴菲特投资风格有长期持有特点但Floor & Decor不是长期持有案例伯克希尔2021年第三季度首次买入817000多股之后两个季度少量增持但今年第二季度开始抛售并于下一季度完全退出[3][4] - 这体现巴菲特投资策略不感情用事当股票前景不明朗时会抛售即使对公司业务管理产品等有好感[5] - 2024年Floor & Decor同店销售额因住房市场停滞和通胀影响顾客而显著下降这可能是巴菲特退出原因[6] Floor & Decor不是伯克希尔哈撒韦的主要持股 - 之前13F文件显示伯克希尔持有Floor & Decor不到400万股市值略超3.95亿美元但伯克希尔所有股票持仓总市值略超2920亿美元相比之下Floor & Decor投资占比很小[7] - 若仍在投资组合中Floor & Decor仅占总市值0.1%多一点其3.95亿美元绝对值在伯克希尔持仓中排不进前10仅比13个持仓大[8] - 由于占比小且伯克希尔近期倾向于抛售股票增持美国国债并持有大量现金Floor & Decor容易被抛售[9] 伯克希尔哈撒韦近期股票买卖整体情况及对Floor & Decor抛售影响 - 本季度伯克希尔共抛售价值略超360亿美元股票仅买入15亿美元连续第八次成为股票净卖家巴菲特认为股票近期前景不佳作为小持仓且前景可能不乐观的Floor & Decor被抛售可能性增大[10]

Now that markets are cooling off after the presidential election results in the United States, investors might be left wondering where the next best place to allocate some capital effectively and safely might be. While there are many theories in the market today, one specific sector could offer an attractive risk/reward ratio in the coming quarters. This set-up could come from retail stocks, especially as they now have a lot of fundamental momentum behind them, coming from both the manufacturing sector and ...

财务数据和关键指标变化 - 公司2024财年第三季度毛利率同比增长130个基点，达到43.5%，主要由于供应链成本的改善 [19] - 第三季度净收入同比下降21.6%，降至5170万美元，稀释每股收益为0.38美元，同比下降21.3% [24] - 调整后的EBITDA同比下降5.7%，为1.329亿美元，主要由于可比店销售的下降导致费用杠杆 [23] 各条业务线数据和关键指标变化 - 安装材料、装饰配件及相关类别的可比店销售表现优于公司平均水平，销售向高毛利产品的转移增强了盈利能力 [7] - 连接客户销售在2024财年第三季度增长3.4%，占总销售的约19% [10] - 专业客户销售在第三季度继续增长，占零售销售的约48% [12] 各个市场数据和关键指标变化 - 西海岸的可比店销售尚未转正，但表现明显优于公司其他地区 [37] - 2024财年第三季度，西海岸的现有房屋销售在9月份增长超过5% [39] 公司战略和发展方向和行业竞争 - 公司计划在2025年开设25家新店，保持灵活性以应对市场变化 [31] - 公司在新店开设过程中采取了降低成本的策略，以提高投资回报率 [46] - 行业内竞争者数量预计将减少，部分竞争对手已关闭门店 [60] 管理层对经营环境和未来前景的评论 - 管理层对未来12到18个月的市场环境持谨慎乐观态度，期待现有房屋销售的改善 [31] - 公司准备应对市场变化，保持充足的库存和良好的员工配置 [31][32] 其他重要信息 - 公司在2024财年第三季度的销售额预计在44亿到44.3亿美元之间，低于之前的预期 [26] - 预计2024财年第四季度的费用率将是全年中最受压力的 [27] 问答环节所有提问和回答 问题: 关于未来的市场环境和新店开设计划 - 公司计划在2025年开设25家新店，保持灵活性以应对市场变化 [31] - 如果市场情况恶化，公司将考虑推迟新店开设 [57] 问题: 西海岸的可比店销售情况 - 西海岸的可比店销售尚未转正，但表现明显优于公司其他地区 [37] 问题: 行业内竞争动态 - 预计行业竞争者数量将减少，部分竞争对手已关闭门店 [60] 问题: 未来的毛利率和成本管理 - 公司计划在未来继续改善毛利率，关注成本管理 [77] 问题: 现有房屋销售对业务的影响 - 现有房屋销售的改善将对公司的业务产生积极影响 [34]

For the quarter ended September 2024, Floor & Dcor (FND) reported revenue of $1.12 billion, up 0.9% over the same period last year. EPS came in at $0.48, compared to $0.61 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.14 billion, representing a surprise of -1.56%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.42. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

Floor & Dcor (FND) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this company would post earnings of $0.50 per share when it actually produced earnings of $0.52, delivering a surprise of 4%. Over the last four quarters, the company has su ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.001 par value per share FND New York Stock Exchange Emerging Growth Company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2024 OR ☐ ...

Floor & Decor Holdings, Inc. Announces Third Quarter Fiscal 2024 Financial Results Net sales of $1,117.9 million increased 0.9% from the third quarter of fiscal 2023 Comparable store sales decreased 6.4% Diluted earnings per share of $0.48 Opened 11 new warehouse stores ATLANTA--(BUSINESS WIRE)--October 30, 2024--Floor & Decor Holdings, Inc. (NYSE: FND) ("We," "Our," the "Company," or "Floor & Decor") announces its financial results for the third quarter of fiscal 2024, which ended September 26, 2024. Tom T ...

As Floor & Decor Holdings, Inc. (FND) gears up to report its third-quarter 2024 earnings on Oct. 30, after market close, investors are closely monitoring for insights into its performance and strategic direction.The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.14 billion, which indicates an increase of 2.8% from the prior-year reported figure.However, the bottom line of this multi-channel specialty retailer and commercial flooring distributor is anticipated to have declined year over ...