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 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.
Floor & Decor Holdings, Inc. (NYSE: FND) will release its financial results for Q4 2021 on February 24, 2022, after market close. A conference call is scheduled for 5:00 p.m. ET to discuss these results, with a live audio webcast available on the company's investor relations website. A replay of the call will be accessible shortly after it concludes, until March 3, 2022. Floor & Decor operates 161 warehouses and two design studios across 33 states, offering a wide variety of flooring options at low prices.
Floor & Decor (NYSE: FND) is set to open a new location in location value="LU/us.wi.monona"Monona, Wisconsin on February 7, 2022. This 80,000 square-foot store aims to cater to both professional customers and homeowners, offering a broad range of flooring options. The grand opening includes a $5,000 Floor Makeover Sweepstakes and incentives for professionals. Founded in 2000, Floor & Decor has expanded significantly, operating 161 stores across 33 states, and prioritizes local market needs.
Floor & Decor Holdings, Inc. (NYSE: FND) has announced its upcoming presentation at the Citi Virtual Global Consumer Conference on December 8, 2021, at 9:00 a.m. Eastern Time. The audio presentation will be available via webcast on the Company’s Investor Relations website, with an archive following the event. Floor & Decor operates 153 stores and two design studios across 33 states, offering a wide range of hard-surface flooring and installation products at competitive prices.
Floor & Decor Holdings, Inc. (NYSE: FND) announced its participation in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2021, at 2:25 p.m. Eastern Time, and the Stephens Annual Investment Conference on December 2, 2021, at 9:00 a.m. Central Time. Investors can access the live webcast via the Company's Investor Relations website. As of the third quarter of fiscal 2021, the company operates 153 stores in 33 states, offering a variety of flooring products.
Floor & Decor (NYSE: FND) announces the opening of a new 73,000 square-foot store in Denton, Texas, on November 22, 2021. This location will enhance its nationwide footprint, supported by around 50 associates. Customers can participate in a $5,000 Floor Makeover Sweepstakes starting the same day. Pros in the industry are invited for tours with opportunities to win various prizes. The company operates 153 stores across 33 states, providing a vast selection of flooring materials and design services.
Floor & Decor (NYSE: FND) is set to expand its presence with a new store opening in Conyers, Georgia on November 19, 2021. This location will be the eighth in the Atlanta market, featuring a 78,000 square-foot warehouse and a team of approximately 50 associates. The grand opening includes a $5,000 Floor Makeover Sweepstakes and invites professionals in the industry for store tours to learn about services and products. As of Q3 2021, Floor & Decor operates 153 stores and provides an extensive range of flooring solutions.
Floor & Decor Holdings reported a 28% increase in net sales, reaching $876.6 million for Q3 2021, and a 10.9% rise in comparable store sales. Diluted EPS grew by 6.2% to $0.69, while adjusted diluted EPS surged 7.1% to $0.60.
Operating income rose 5.8% to $83.4 million but operating margin decreased by 200 basis points to 9.5%. Year-to-date, net sales climbed 48% to $2.52 billion, with net income up 69.3% to $233.4 million.