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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 (NYSE: FND), a leading high-growth retailer specializing in hard-surface flooring, has announced the grand openings of four new stores across the U.S. The new locations are in North Kansas City, Missouri; Austell-Mableton, Georgia; Turnersville, New Jersey; and Davie, Florida. Each store will offer a broad selection of tile, wood, natural stone, and other hard-surface flooring products in stock.
To celebrate the openings, Floor & Decor will host ribbon-cutting ceremonies, PRO networking events, $5,000 floor makeover sweepstakes, and local community events at each new store. The company is also running a 'Crack the Code' promotion where the first 200 customers can win up to $100,000. Floor & Decor's expansion demonstrates its continued growth and commitment to serving homeowners and professionals nationwide.
Floor & Decor (NYSE: FND) has announced the grand opening of its eighth warehouse location in Bailey's Crossroads, Virginia. The new store, led by Chief Executive Merchant Rich Higgins, will employ approximately 50 full-time and part-time associates. To celebrate, the company is hosting a ribbon-cutting ceremony on September 19 and offering several promotional events, including:
- A Pro Industry Networking Event for builders and contractors
- A $5,000 Floor Makeover Sweepstakes
- A 'Best In Town' event with a chance to win $100,000
- In-kind donations to local organizations through their Community Impact Local Grant program
The new store aims to provide a wide selection of hard-surface flooring options for homeowners and professionals in the DMV area.
Floor & Decor (NYSE: FND) has announced the grand opening of its first warehouse location in Portland, Maine, located at 490 Payne Road. The store will open with approximately 50 full-time and part-time associates, led by Jack Low as the Chief Executive Merchant. The company is celebrating with several events, including:
1. A ribbon-cutting ceremony on September 12
2. A Pro Industry Networking Event on September 19
3. A $5,000 Floor Makeover Sweepstakes
4. A 'Best In Town' event and Million Dollar Dice Roll on September 14
Floor & Decor is also partnering with local businesses and donating to Habitat for Humanity of Greater Portland. The store will feature a unique mural by local artists Ryan Adams and Rachel Gloria, facing the Maine Turnpike.
Floor & Decor Holdings, Inc. (NYSE: FND) announced that Trevor Lang, President, will retire from the company. Lang has been with Floor & Decor for 13 years, joining as CFO in 2011 and becoming President in 2022. CEO Tom Taylor praised Lang's contributions to the company's growth and leadership. The company is conducting a search for Lang's successor, and Lang has agreed to remain in his role during the transition process. Lang expressed his desire to spend more time with family and pursue personal interests. Prior to Floor & Decor, Lang held CFO positions at Zumiez Inc. and Carter's Inc.
Floor & Decor (NYSE: FND) has announced the grand opening of its second warehouse location in the Cleveland area, situated in Cuyahoga Falls at 510 Howe Avenue. The new store, led by Chief Executive Merchant Shaun Huffman, will employ about 50 full-time and part-time associates. To celebrate the opening, Floor & Decor is hosting several events, including:
- A ribbon-cutting ceremony on September 5
- A Pro Industry Networking Event on September 11
- A $5,000 Floor Makeover Sweepstakes running until November 4, 2024
- A 'Best In Town' event on September 7, 2024, featuring a $100k 'Crack the Code' game
The company is also making an in-kind donation to Rebuilding Together Northeast Ohio through its Community Impact Local Grant program.
Floor & Decor Holdings (NYSE: FND) has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference. The company is scheduled to present in a Fireside Chat on Wednesday, September 4, 2024, at 3:55 p.m. Eastern Time. Investors and interested parties can access the live audio webcast of the presentation through the company's Investor Relations website, ir.flooranddecor.com. An online archive of the presentation will be made available on the same website following the event.
Floor & Decor (NYSE: FND) is hosting its fifth annual 'PRO Appreciation Month' in September to celebrate construction, renovation, and flooring trade professionals. The event features free virtual education classes, in-store giveaways, and sweepstakes for pros.
Key highlights include:
- Weekly educational webinars on topics like shower systems and wood flooring installation
- Free Floor & Decor hat for pros visiting stores (while supplies last)
- In-store sweepstakes to win a DeWalt drill/driver kit in each of 230+ stores
- Nationwide sweepstakes to win a 2024 Mercedes-Benz Sprinter Van
The initiative aims to support and recognize professionals who improve homes and commercial spaces, reinforcing Floor & Decor's commitment to being a one-stop shop for hard surface flooring needs.
Floor & Decor (NYSE: FND) has announced the grand opening of its first warehouse location in Warwick, Rhode Island, located at 300 Quaker Lane. The store, led by Chief Executive Merchant Mike Falco, will open with approximately 50 full-time and part-time associates. The company is celebrating with a ribbon-cutting ceremony on August 29 and hosting several events, including:
- A Pro Industry Networking Event on September 12
- A $5,000 Floor Makeover Sweepstakes
- A 'Best In Town' event and Million Dollar Dice Roll on August 31
Floor & Decor is also making a donation to House of Hope, supporting efforts to end homelessness in Rhode Island. The new store offers a wide selection of hard-surface flooring for homeowners and professionals.
Floor & Decor Holdings (NYSE: FND) reported a 0.2% decrease in net sales to $1,133.1 million for Q2 2024 compared to Q2 2023. Comparable store sales dropped 9.0%. Diluted EPS was $0.52, down from $0.66 last year. Net income fell 20.7% to $56.7 million, and operating income decreased 24.9% to $71.3 million. Operating margin dropped 210 basis points to 6.3%. The company opened five new warehouse stores.
For the first half of 2024, net sales declined 1.2% to $2,230.4 million, with a 10.3% decrease in comparable store sales. Operating income fell 31.4% to $130.6 million, and net income decreased 25.4% to $106.7 million. Diluted EPS was $0.99, down from $1.33.
Updated fiscal year guidance includes net sales of $4,400-$4,490 million, comparable store sales of (8.5)% to (6.5)%, and diluted EPS of $1.55-$1.75. The company plans to open 30 new warehouse stores in 2024.
Floor & Decor (NYSE: FND) has announced the grand opening of its eleventh warehouse location in South Florida, at 6750 Okeechobee Boulevard, West Palm Beach. The new store, led by Jordan Fritts as Chief Executive Merchant, will employ about 50 full-time and part-time associates. To celebrate, the company is hosting a ribbon-cutting ceremony on July 25 and a Pro Industry Networking Event on August 1. Additionally, Floor & Decor is offering a $5,000 Floor Makeover Sweepstakes and a family-friendly 'Best In Town' event on August 3. The company, recognized as one of Fortune's 100 fastest-growing companies and named to Yelp's 'Most Loved Brands' list, continues to expand its footprint in the flooring retail market.