Floor & Decor Holdings, Inc.
69.08-2.91 (-4.04%)
Oct 29, 4:00:02 PM EDT · NYSE · FND · USD
Key Stats
Market Cap
7.44BP/E (TTM)
35.61Basic EPS (TTM)
1.94Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Floor & Decor posted solid Q2 FY2025 results, with net sales climbing 7.1% year-over-year to $1.21B, fueled by new stores and a modest 0.4% comp rise, while gross margin edged up 60 basis points to 43.9% on lower supply chain costs. Operating income grew 14.8% to $81.9M, lifting diluted EPS 11.5% to $0.58, confirmed against 108.3M shares with no anti-dilution flags. YTD sales rose 6.5% to $2.37B, but operating cash flow dipped to $155.3M from inventory builds, yielding negative free cash flow after $160.8M capex; cash sits at $176.9M with $700M ABL availability and $199.2M term debt at 6.33% maturing 2027. New stores drove growth, yet softer home sales curbed traffic. Tariffs loom as a wildcard for costs.
8-K
Q2 sales rise 7.1%, EPS up 11.5%
Floor & Decor Holdings reported Q2 fiscal 2025 net sales of $1,214.2 million, up 7.1% year-over-year, with comparable store sales edging up 0.4% for the first time since late 2022. Operating income climbed 14.8% to $81.9 million, boosting diluted EPS to $0.58, a 11.5% gain, thanks to tight expense controls amid new store openings. The company now runs 257 stores, up 11.7%, and guides for 20 openings this year with sales of $4.66B to $4.75B. Expansion fuels growth, yet soft demand lingers.
8-K
Stockholders approve governance tweaks
Floor & Decor Holdings stockholders approved charter amendments on May 7, 2025, eliminating outdated classified board provisions, enabling officer exculpation under Delaware law, and granting 25% holders the right to call special meetings—implemented via filings on May 8. The board adopted matching bylaws detailing request procedures and invalidation rules. All eleven director nominees won election; auditors were ratified. Yet stockholders rejected a competing special meeting proposal.
8-K
Q1 sales up, stores cut
Floor & Decor Holdings reported first-quarter fiscal 2025 net sales of $1,160.7 million, up 5.8% year-over-year, driven by four new warehouse stores despite a 1.8% comparable store sales drop. Operating income rose 8.3% to $64.2 million, with diluted EPS at $0.45, edging last year's $0.46. Amid macroeconomic uncertainty, the company trimmed its full-year new store openings to 20 from 25, projecting net sales of $4.66 billion to $4.80 billion and EPS of $1.70 to $2.00. Tariffs pose ongoing supply chain risks.
10-Q
Q1 FY2025 results
Floor & Decor kicked off fiscal 2025 with net sales climbing 5.8% year-over-year to $1.16B for the quarter ended March 27, 2025, fueled by new stores while comparable sales dipped 1.8% amid softer home sales. Gross margin expanded 100 basis points to 43.8%, thanks to lower supply chain costs, lifting operating income 8.3% to $64.2M and adjusted EBITDA steady at 11.2% of sales. Diluted EPS held at $0.45, aligning with 108.4M weighted shares. Cash from operations fell to $71.2M on inventory builds, yet free cash flow turned negative at -$4.5M (derived) with $66.7M in capex; liquidity stays robust at $949.8M, backed by $762.9M ABL availability and $199.8M term debt at 6.32% maturing 2027. New stores drove growth, but tariffs on 73% imported goods pose cost risks.
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