Floor & Decor Holdings, Inc. - FND STOCK NEWS

Floor & Decor (NYSE: FND) has announced the grand opening of its fifth warehouse location in Seattle, Washington at 13200 Aurora Ave North. The new store, led by Chief Executive Merchant Melissa Graham, opened with approximately 50 full-time and part-time associates. The company is celebrating with multiple events, including a ribbon cutting ceremony on December 19th, a Pro Industry Networking Event on January 23rd featuring a Chevrolet Colorado Truck giveaway, and a Best In Town event on January 25th with a $100,000 Crack the Code game. Additionally, the store is offering a $5,000 Floor Makeover sweepstakes running through February 18, 2025.

Floor & Decor (NYSE: FND) has opened its first Pensacola location at 7171 North Davis Highway, marking its expansion in Florida. The new store and design center employs approximately 50 associates and is led by Chief Executive Merchant, Sue Sears. The company will celebrate with a ribbon-cutting ceremony on December 19 and host several events including a Pro Industry Networking Event on February 18, 2025, offering professionals chances to win prizes including a Chevrolet Colorado truck. The store is also running a $5,000 Floor Makeover sweepstakes through February 25, 2025, and will host a family event on February 22, 2025, where the first 200 attendees can participate in a $100,000 Crack the Code contest.

Floor & Decor (NYSE: FND) has announced the grand opening of its second warehouse location in the Cincinnati metropolitan area at 7250 Cabela Drive in West Chester, Ohio. The new store, led by Chief Executive Merchant Sonya Roberts, opened with approximately 50 full-time and part-time associates. The company is celebrating with multiple events, including a ribbon cutting ceremony on November 25, a Pro Industry Networking Event on February 20, and a family-friendly Best In Town event on January 18, 2025. The store is offering various promotions including a $5,000 Floor Makeover sweepstakes and a $100,000 Crack the Code game for the first 200 customers during the Best In Town event.

Floor & Decor (NYSE: FND) has announced the grand opening of its fifth warehouse location in the Austin metropolitan area, located in Georgetown, Texas. The new store, led by William Muench, opened with approximately 50 full-time and part-time associates. The company is celebrating with multiple events, including a ribbon cutting ceremony on November 19, a Pro Industry Networking Event on January 23 where professionals can win prizes up to $10,000, and a Best in Town event on November 23 featuring a $100,000 Crack the Code game. Additionally, customers can enter to win a $5,000 Floor Makeover through January 20, 2025.

Floor & Decor (NYSE: FND) announces the grand opening of two new warehouse stores in East Brunswick and Parsippany, New Jersey. Each location will employ 50 full-time and part-time associates and offer an extensive selection of in-stock hard-surface flooring products. The stores will host grand opening celebrations including ribbon-cutting ceremonies on November 22, 2024, Pro Industry Networking Events in December, and $5,000 Floor Makeover sweepstakes running through February 10, 2025. Both locations will feature special events including a chance for the first 200 customers to win $100,000 in a 'Crack the Code' contest.

Floor & Decor Holdings (NYSE: FND) has announced two significant changes to its Board of Directors. Nada Aried, Executive Vice President and Chief Digital Technology Officer of Safelite Autoglass, will join the board effective January 1, 2025. Meanwhile, Peter Starrett will retire from the board effective February 28, 2025. CEO Tom Taylor highlighted Aried's expertise in technology and retail, noting her potential contributions to the company's enterprise digital strategies, technology upgrades, cybersecurity, and customer experience initiatives.

Floor & Decor (NYSE: FND) has announced the grand opening of its second warehouse location in Oregon, situated in Beaverton at 10710 SW Allen Boulevard. The new store, led by Chief Executive Merchant Alma Castaneda, will operate with approximately 50 full-time and part-time associates. The company is celebrating with multiple events, including a ribbon-cutting ceremony on November 6, a Pro Industry Networking Event on November 14, and a Best In Town event on November 9 featuring a $100,000 Crack the Code game. The location is also offering a $5,000 Floor Makeover sweepstakes running through January 6, 2025.

Floor & Decor (NYSE: FND) has announced the grand opening of its third warehouse location in Columbus, Ohio at 55 Meadow Park Avenue. The new store, led by Chief Executive Merchant Jacklyn Smith, opens with approximately 50 full-time and part-time associates. The company is celebrating with multiple events, including a ribbon cutting ceremony on November 8, a Pro Industry Networking Event on November 7 featuring a $10,000 prize opportunity, and a $5,000 Floor Makeover sweepstakes running through January 6, 2025. The store will also host a Best In Town event on November 9, offering customers a chance to win $100,000 through their Crack the Code game.

Floor & Decor Holdings reported Q3 fiscal 2024 results with net sales of $1,117.9 million, up 0.9% year-over-year, despite challenging market conditions. Comparable store sales decreased 6.4%, while diluted earnings per share reached $0.48, down 21.3% from $0.61 in Q3 2023. The company opened 11 new warehouse-format stores during the quarter, expanding to 241 warehouse stores and five design studios. Operating income decreased 21.8% to $66.3 million, with operating margin declining 180 basis points to 5.9%. The company updated its fiscal 2024 outlook, projecting net sales between $4,400-4,430 million and comparable store sales decline of (8.5)% to (7.5)%.