Glancy Prongay & Murray LLP Announces Investigation on Behalf of Floor & Decor Holdings Investors
Los Angeles -- Glancy Prongay & Murray LLP recently announced an investigation on behalf of Floor & Decor Holdings investors concerning the company and its officers’ possible violations of federal securities laws.
On August 2, 2018, the company reported lower-than-expected revenue for second quarter 2018 and reduced its sales and earnings per share guidance for fiscal year 2018, citing sales shift to lower margin products such as laminate flooring. On this news, the Company’s share price fell $8.18, nearly 17%, to close at $39.53 per share on August 2, 2018, thereby injuring investors.
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