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. reports retail developments for a specialty hard-surface flooring chain serving homeowners and professional customers. News commonly covers quarterly financial results, comparable store sales, earnings calls and capital actions such as common-stock repurchase authorization.
Company updates also focus on nationwide expansion through warehouse-format stores and design centers. Floor & Decor’s product assortment includes tile, wood, laminate, vinyl, natural stone, decorative accessories, wall tile, installation materials and related categories, with new-store announcements describing local openings, PRO Services and contractor-oriented events.
Floor & Decor Holdings (NYSE: FND) is hosting its 2022 Analyst Conference today at 8:30 a.m. ET to announce long-term financial targets through fiscal 2024. CEO Tom Taylor highlighted 2021 as a record year and outlined ambitious goals, including a net sales growth of at least 20%, new warehouse store growth of 20%, and an adjusted operating income doubling by 2024. The company aims to maintain low balance sheet leverage while prioritizing operating cash flow. A live webcast will be available for investors to follow the event insights.
Floor & Decor Holdings, Inc. (NYSE: FND) is set to host an analyst day on March 16, 2022, at 8:30 a.m. E.T. in Miami, Florida. The presentation will be available via live webcast on the Company's Investor Relations website, with an archive accessible for one year post-event. As of December 30, 2021, Floor & Decor operates 160 stores across 33 states, building a reputation as a multi-channel retailer of hard-surface flooring and accessories at competitive prices, following its establishment in 2000 and headquartered in Atlanta, Georgia.
Floor & Decor (NYSE: FND) is set to expand with a new location in Garden City, New York, opening on March 14, 2022. The 75,000 square-foot store, staffed by approximately 50 associates, aims to serve both homeowners and professionals with a wide selection of flooring options and free design services. In celebration, the store will host a $5,000 Floor Makeover Sweepstakes and a Pro VIP Grand Opening event on April 21, inviting local professionals to participate in giveaways and engage with the brand.
Floor & Decor (NYSE: FND) is set to open a new 80,000 square-foot store in Live Oak, Texas, on March 7, 2022.
With around 50 associates, the location aims to provide an extensive selection of flooring options to both homeowners and professionals. As part of the grand opening, a $5,000 Floor Makeover Sweepstakes will be held. The store also invites local pros to visit and register for additional giveaways. Founded in 2000 and based in Atlanta, Floor & Decor operates 160 stores across 33 states, offering a wide range of flooring products at low prices.
Wheels Up (NYSE: UP) announced the appointment of Dwight James, Delta Air Lines' Senior Vice President, to its Board of Directors, effective February 24, 2022. He takes over from Eric Phillips, who resigned for personal commitments. James brings extensive experience in aviation and customer engagement, having held various senior roles at Delta.
Wheels Up continues to strengthen its leadership as it seeks to capitalize on growth opportunities within the private aviation sector.
Floor & Decor (NYSE: FND) is set to enhance its presence in the marketplace with a new store opening in Houston, Texas on March 4, 2022. The Floor & Decor Design Studio will feature over 30 design vignettes and is led by Julea Greenberg, the Chief Executive Merchant. The studio offers personalized services and a wide selection of flooring products at competitive prices. As of December 30, 2021, Floor & Decor operates 160 stores across 33 states, providing customers with a diverse range of hard-surface flooring options.
Floor & Decor (NYSE: FND) announces the grand opening of its newest location in Miami, Florida, set for March 4, 2022. The new Design Studio will feature over 30 design vignettes and a team led by Bianca Bloise, the Chief Executive Merchant. This store aims to provide customers with a wide selection of hard-surface flooring options at competitive prices. As of December 2021, Floor & Decor operates 160 stores across 33 states, specializing in various flooring products sourced globally.
Floor & Decor Holdings, Inc. (NYSE: FND) has promoted Ersan Sayman to Executive Vice President of Merchandising, effective immediately. Sayman, who has been with the company for 19 years, most recently held the position of Senior Vice President of Merchandising. He will report to President Lisa Laube until her retirement in April 2022, after which he will report to CEO Tom Taylor. Laube praised Sayman's leadership in enhancing product assortments and vendor partnerships, essential for the company's growth.
Floor & Decor reported a 26.4% increase in net sales, reaching $914.3 million for Q4 FY2021, and a 41.5% increase for the fiscal year, totaling $3,433.5 million. Comparable store sales rose 14.0% in Q4 and 27.6% for the year. However, diluted EPS decreased by 14.8% to $0.46 in Q4 due to an additional week in the previous year. The company opened 27 new stores in FY2021 and aims for 32 new stores in FY2022, projecting net sales between $4,285 million and $4,375 million for FY2022.
Floor & Decor (NYSE: FND) announces the grand opening of its new store in McAllen, Texas, on March 3, 2022, expanding its footprint as a leading specialty retailer of hard-surface flooring. The 65,000 square-foot facility will employ approximately 50 associates. In celebration, a $5,000 Floor Makeover Sweepstakes will commence, allowing customers to register online until April 2, 2022. A special Pro VIP Grand Opening event is set for April 21 to engage professionals in the community and promote the company’s offerings.