Welcome to our dedicated page for Floor Decor Hold news (Ticker: FND), a resource for investors and traders seeking the latest updates and insights on Floor Decor Hold stock.
Floor & Decor Holdings, Inc. (NYSE: FND) is a multi-channel specialty retailer of hard surface flooring and related accessories and a commercial flooring distributor. This news page aggregates company announcements, press releases, and other updates that reflect how Floor & Decor operates in the home centers segment of the retail trade sector.
According to its public communications, Floor & Decor regularly issues news about new warehouse-format store openings and design centers across the United States. Recent announcements have highlighted grand openings in markets such as Dearborn in Michigan, Vancouver and Woodinville in Washington, Mount Pleasant in South Carolina, Eagle in the greater Boise area in Idaho, Cortlandt Manor in New York, and Murfreesboro in Tennessee. These releases typically describe the in-stock assortment of laminate and vinyl, tile, wood, and natural stone flooring, along with decorative accessories, wall tile, installation materials, and adjacent categories available at everyday low prices.
Investors and customers can also find financial results and corporate updates in Floor & Decor’s news. For example, the company has announced quarterly financial results, including net sales, comparable store sales, and store counts, as well as leadership transition plans such as the appointment of a new Chief Executive Officer and the transition of the prior CEO to Executive Chair of the Board.
Another recurring theme in the company’s news is its focus on professional customers. Releases describe PRO Services, the PRO Premier Rewards Program, and events like PRO Industry Networking Events and PRO Block Parties, which are aimed at professionals in the construction, renovation, and flooring industries. News items also cover community-focused events around store openings, such as ribbon cutting ceremonies, Super Saturday celebrations, and promotional sweepstakes.
For anyone following FND news, this page provides a centralized view of Floor & Decor’s store expansion, financial reporting announcements, leadership updates, and professional and community engagement activities over time.
Floor & Decor (NYSE: FND) is set to open a new location in Omaha, Nebraska on October 17, 2022, expanding its retail presence. The store will employ approximately 50 associates and provide a wide selection of hard-surface flooring options for both professionals and homeowners. As part of the grand opening, they will host a $5,000 Floor Makeover Sweepstakes and a family-friendly Super Saturday Event on October 22, 2022. Additionally, a special Pro VIP event is planned for November 29.
Floor & Decor is set to expand its operations with a new location in Fern Park, Florida, opening on September 29, 2022. The new store will employ approximately 50 associates and offer a wide range of flooring options for both professionals and homeowners. As part of the grand opening, the company will host a $5,000 Floor Makeover Sweepstakes and invites local professionals to schedule tours of the new store. Floor & Decor operates 174 locations across 34 states, specializing in hard-surface flooring.
Floor & Decor (NYSE: FND) is set to open a new location in Lexington, Kentucky on September 14, 2022. The store will serve both homeowners and professionals, featuring an extensive selection of flooring options. A $5,000 Floor Makeover Sweepstakes will kick off at the grand opening, with opportunities for customers to register online. A family-friendly Super Saturday event will follow on September 17, 2022, offering interactive games and complimentary food for attendees. The new location aims to strengthen relationships with local professionals.
Floor & Decor is set to open a new location in Mooresville, North Carolina, on September 14, 2022. This new store will be led by Brittany McMillen and will feature around 50 associates. Offering a wide variety of hard-surface flooring options, the store aims to cater to both homeowners and professional customers. Additionally, a $5,000 Floor Makeover Sweepstakes will be held for customers starting on the opening day. The Pro VIP Grand Opening event is scheduled for October 6, 2022, where professionals can win various prizes.
Floor & Decor Holdings, Inc. (NYSE: FND) will participate in the Goldman Sachs 29th Annual Global Retailing Conference on September 8, 2022, at 3:15 p.m. Eastern Time. The presentation will be available via live webcast on the Company’s Investor Relations website, with an online archive following the event. As of June 30, 2022, the company operates 174 stores and five design studios across 34 states, providing a wide selection of hard-surface flooring and related materials at low prices.
Floor & Decor is set to open its newest store in Maple Grove, Minnesota on September 7, 2022, marking its expansion into the Twin Cities market. The store will employ about 50 associates and offer a wide selection of hard-surface flooring. A $5,000 Floor Makeover Sweepstakes will kick off at the grand opening, alongside a family-friendly event on September 10, 2022. Additionally, a special Pro VIP event for industry professionals is scheduled for September 29, 2022. The company aims to support local builders and enhance community ties.
Floor & Decor Holdings, Inc. (NYSE:FND) announced the promotion of Trevor Lang from Chief Financial Officer to President, effective upon the appointment of a new CFO. Lang joined the company in 2011 and has played a crucial role in managing its Pro and commercial business. CEO Tom Taylor emphasized Lang's extensive knowledge of the company's operations and strategy as key to his new role. The company is actively seeking a new CFO from both internal and external candidates.
Floor & Decor announced a 26.7% increase in net sales for Q2 FY2022, reaching $1,089.8 million, with comparable store sales growing 9.2%. Despite a 1.3% decline in diluted EPS to $0.76, adjusted diluted EPS rose 4.1%. Operating income was $106.4 million, an increase of 8.0%, though operating margin fell 170 basis points to 9.8%. Looking ahead, the company projects net sales between $4,290 million and $4,330 million for the fiscal year, with diluted EPS forecasted at $2.65-$2.80.
Floor & Decor (NYSE: FND) will open a new location in Capitol Heights, Maryland, on August 5, 2022, expanding its nationwide presence. The store will employ approximately 50 associates, offering a wide selection of hard-surface flooring and free design services. The grand opening includes a $5,000 Floor Makeover Sweepstakes and promotions for professionals in the construction industry. As of March 31, 2022, Floor & Decor operates 166 stores across 34 states, providing customers with diverse flooring options sourced from global manufacturers.
Floor & Decor Holdings (NYSE: FND) will announce its Q2 fiscal 2022 financial results on August 4, 2022, post market close. A conference call is set for 5:00 p.m. Eastern Time to discuss the results, with a live audio webcast available at ir.flooranddecor.com. A recording of the call will be accessible three hours later, available online and by dialing 877-660-6853 until August 11, 2022.