Floor & Decor Prepared For Current Tariffs As Sourcing Shift Limits China Exposure: Analyst
1. Telsey lowered FND's price target from $115 to $100 but maintains Outperform rating. 2. First-quarter EPS was 45 cents, missing estimates by 1 cent. 3. FY25 EPS guidance decreased to $1.70-$2.00 due to cautious market outlook. 4. FND's sourcing strategy reduces China reliance, increasing US sourcing to 27%. 5. Analyst remains optimistic about growth potential despite current challenges.