Floor Decor Hold Stock Price, News & Analysis

Floor & Decor, a leading specialty retailer of hard-surface flooring, celebrates the grand opening of its new location in Temple, TX. The store officially opened its doors on April 26, 2023, offering an extensive selection of in-stock flooring options to both professional customers and homeowners.

Chris Ellington, the Chief Executive Merchant, emphasized the company's commitment to providing unmatched service and quality. The grand opening included a special event for professionals in the industry, showcasing the PRO Premier Rewards program.

Highlighting the festivities, the $1 million dice roll contest will take place on May 6, 2023, with prizes available for participants. In addition, customers can register for a $5,000 floor makeover through July 3, 2023.

Floor & Decor Holdings, Inc. (NYSE: FND) will release its financial results for Q1 2023 on May 4, 2023, after market close. A conference call is scheduled for 5:00 p.m. Eastern Time to discuss the results, with a live audio webcast available at ir.flooranddecor.com. A recorded replay will be accessible shortly after the call and available until May 11, 2023.

As of December 29, 2022, Floor & Decor operates 191 warehouse-format stores and six design studios across 36 states, offering a wide range of hard-surface flooring products at competitive prices. Founded in 2000, the company is headquartered in Atlanta, Georgia.

Floor & Decor (NYSE: FND) has announced the grand opening of its new store in Peachtree City, Georgia, marking its tenth location in the Atlanta area. The store features a design center and will operate with a team of approximately 50 associates. The company aims to provide a one-stop solution for flooring needs, catering to both professional contractors and homeowners. A special PRO VIP Grand Opening event will take place, offering professionals the opportunity to engage with the PRO Services Team and enter a drawing for a $10,000 prize. Additionally, the store will host a $5,000 Floor Makeover Sweepstakes running from April 13 to June 19, 2023. Founded in 2000, Floor & Decor is a leading retailer of hard-surface flooring with 191 locations across 36 states.

Floor & Decor (NYSE: FND) has announced the grand opening of its latest store in Colorado Springs, marking its sixth location in Colorado. The new store will employ about 50 associates and is designed to cater to both professional customers and homeowners. A special PRO VIP Grand Opening event is planned for April 5, 2023, featuring giveaways and a chance to win a Chevrolet Silverado. To celebrate, the store will also host a $5,000 Floor Makeover Sweepstakes running until May 29, 2023. Floor & Decor continues to expand its national footprint, currently operating 191 stores across 36 states as of December 2022.

Floor & Decor Holdings, Inc. (NYSE: FND) announced the nomination of Melissa Kersey to its Board of Directors, to be voted on during the Annual Meeting on May 10, 2023. Kersey, currently the Executive Vice President and Chief Human Resources Officer at Tractor Supply Company, brings extensive experience from Walmart and McDonald's USA. Chairman Norman Axelrod emphasized her expertise in leadership development, diversity, and organizational effectiveness will be vital as Floor & Decor aims to expand to 500 warehouse stores across the U.S.

Floor & Decor Holdings reported impressive financial results for the fourth quarter of fiscal 2022, with net sales rising 14.6% to $1,048.1 million year-over-year. Comparable store sales grew 2.5%, while diluted earnings per share increased 39.1% to $0.64. For the fiscal year, net sales surged 24.2% to $4,264.5 million, and net income rose 5.3% to $298.2 million. The company opened 32 new warehouse stores in 2022 and aims to continue this expansion with an expected 32 to 35 new stores in 2023. The guidance for fiscal 2023 includes projected net sales between $4,610 million and $4,750 million.