Welcome to our dedicated page for Floor & Decor Holdings news (Ticker: FND), a resource for investors and traders seeking the latest updates and insights on Floor & Decor Holdings stock.
Floor & Decor Holdings, Inc. (symbol: FND) operates as a specialty retailer in the hard surface flooring market. Known for offering a vast selection of tile, wood, laminate, and natural stone flooring products, Floor & Decor provides everyday low prices to a diverse range of customers. This includes professional installers, commercial enterprises, and Do It Yourself (DIY) enthusiasts. The company also supports customers who prefer to purchase products for professional installation.
Founded with a vision to revolutionize the flooring industry, Floor & Decor has grown rapidly, establishing a significant presence across the United States with over 100 stores. Their unique shopping experience includes inspirational displays and exceptional customer service, ensuring that every visit is memorable. The company's e-commerce platform further extends its reach, allowing customers to shop conveniently online.
Recognized as one of Fortune's 100 fastest-growing companies in 2020, Floor & Decor attributes its success to the hard work and collaboration of its dedicated associates. The company's culture promotes teamwork, innovation, and the entrepreneurial spirit, making it an exciting place to work and grow. Floor & Decor is continuously looking for talented individuals with a strong work ethic and a passion for helping others to join their team.
Financially, Floor & Decor remains robust, thanks to its strategic partnerships, diverse product offerings, and focus on customer satisfaction. The company's ongoing projects aim to expand its store network and enhance its product range, ensuring it remains at the forefront of the flooring retail industry.
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)%.
Floor & Decor (NYSE: FND) has announced the grand opening of its first warehouse location in Daytona Beach, Florida at 2342 Gateway N Drive. The store, led by Chief Executive Merchant Steve Wilson, opened with a team of about 50 associates. To celebrate, Floor & Decor is hosting a ribbon-cutting ceremony on October 24 and a Pro Industry Networking Event for professionals in the construction and design industries.
The company is also running promotions including a $5,000 Floor Makeover Sweepstakes and a 'Best In Town' event on October 26, featuring a 'Crack the Code' game with a chance to win $100,000. The new store will operate Monday to Friday from 6am-8pm, Saturday 8am-7pm, and Sunday 10am-6pm.
Floor & Decor Holdings (NYSE: FND) has announced that it will release its third quarter fiscal 2024 financial results after market close on Wednesday, October 30, 2024. The company will host a conference call at 5:00 p.m. Eastern Time to discuss these results. Investors and interested parties can access a live audio webcast of the call, along with related materials, at ir.flooranddecor.com.
A recorded replay of the conference call will be available approximately three hours after its conclusion. The replay can be accessed online at the same website or by dialing 844-512-2921 (international callers: 412-317-6671) with the pin number 13748389. The replay will remain available until November 6, 2024.
Floor & Decor (NYSE: FND) has announced the grand opening of its third warehouse location in Baltimore, located in Owings Mills at 10246 Reisterstown Road. The new store, led by Chief Executive Merchant Chris Lane, opened with a team of about 50 full-time and part-time associates. To celebrate, the company is hosting a ribbon-cutting ceremony on October 3 and a Pro Industry Networking Event on October 8 for builders, contractors, and other professionals.
The store is also offering several promotions, including a $5,000 Floor Makeover sweepstakes and a chance to win VIP tickets to the 2024 Hall of Fame Series Baltimore. Additionally, a family-friendly 'Best In Town' event on October 12 will feature a 'Crack the Code' game with a $100,000 prize for the first 200 customers. The new Owings Mills location will operate Monday to Friday from 7am-8pm, Saturday 8am-7pm, and Sunday 10am-6pm.
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