Frontdoor’s (FTDR) Profit Surge Comes With A Pricing Question
Frontdoor (FTDR) reported Q2 revenue of $645M (+5%) and net income of $125M (+13%). EPS rose 19% to $1.76. Adjusted EBITDA increased 10% to $220M. Management raised full-year guidance. Pricing power and cost discipline drove growth, but direct-to-consumer revenue fell 2%. Hedge fund ownership declined. The stock trades at a forward P/E of 15.60.


