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 Holdings will announce its third-quarter fiscal 2022 financial results on November 3, 2022, after market close. A conference call to discuss these results is scheduled for 5:00 p.m. Eastern Time. Investors can access a live audio webcast on the company's investor relations website. A recorded replay will be available shortly after the call concludes, both online and via dial-in. As of June 30, 2022, Floor & Decor operates 174 warehouse-format stores and five design studios in 34 states, offering a variety of hard-surface flooring options at low prices.
Floor & Decor (NYSE: FND) is set to open a new location in Omaha, Nebraska on October 17, 2022, expanding its retail presence. The store will employ approximately 50 associates and provide a wide selection of hard-surface flooring options for both professionals and homeowners. As part of the grand opening, they will host a $5,000 Floor Makeover Sweepstakes and a family-friendly Super Saturday Event on October 22, 2022. Additionally, a special Pro VIP event is planned for November 29.
Floor & Decor is set to expand its operations with a new location in Fern Park, Florida, opening on September 29, 2022. The new store will employ approximately 50 associates and offer a wide range of flooring options for both professionals and homeowners. As part of the grand opening, the company will host a $5,000 Floor Makeover Sweepstakes and invites local professionals to schedule tours of the new store. Floor & Decor operates 174 locations across 34 states, specializing in hard-surface flooring.
Floor & Decor (NYSE: FND) is set to open a new location in Lexington, Kentucky on September 14, 2022. The store will serve both homeowners and professionals, featuring an extensive selection of flooring options. A $5,000 Floor Makeover Sweepstakes will kick off at the grand opening, with opportunities for customers to register online. A family-friendly Super Saturday event will follow on September 17, 2022, offering interactive games and complimentary food for attendees. The new location aims to strengthen relationships with local professionals.
Floor & Decor is set to open a new location in Mooresville, North Carolina, on September 14, 2022. This new store will be led by Brittany McMillen and will feature around 50 associates. Offering a wide variety of hard-surface flooring options, the store aims to cater to both homeowners and professional customers. Additionally, a $5,000 Floor Makeover Sweepstakes will be held for customers starting on the opening day. The Pro VIP Grand Opening event is scheduled for October 6, 2022, where professionals can win various prizes.
Floor & Decor Holdings, Inc. (NYSE: FND) will participate in the Goldman Sachs 29th Annual Global Retailing Conference on September 8, 2022, at 3:15 p.m. Eastern Time. The presentation will be available via live webcast on the Company’s Investor Relations website, with an online archive following the event. As of June 30, 2022, the company operates 174 stores and five design studios across 34 states, providing a wide selection of hard-surface flooring and related materials at low prices.
Floor & Decor is set to open its newest store in Maple Grove, Minnesota on September 7, 2022, marking its expansion into the Twin Cities market. The store will employ about 50 associates and offer a wide selection of hard-surface flooring. A $5,000 Floor Makeover Sweepstakes will kick off at the grand opening, alongside a family-friendly event on September 10, 2022. Additionally, a special Pro VIP event for industry professionals is scheduled for September 29, 2022. The company aims to support local builders and enhance community ties.
Floor & Decor Holdings, Inc. (NYSE:FND) announced the promotion of Trevor Lang from Chief Financial Officer to President, effective upon the appointment of a new CFO. Lang joined the company in 2011 and has played a crucial role in managing its Pro and commercial business. CEO Tom Taylor emphasized Lang's extensive knowledge of the company's operations and strategy as key to his new role. The company is actively seeking a new CFO from both internal and external candidates.
Floor & Decor announced a 26.7% increase in net sales for Q2 FY2022, reaching $1,089.8 million, with comparable store sales growing 9.2%. Despite a 1.3% decline in diluted EPS to $0.76, adjusted diluted EPS rose 4.1%. Operating income was $106.4 million, an increase of 8.0%, though operating margin fell 170 basis points to 9.8%. Looking ahead, the company projects net sales between $4,290 million and $4,330 million for the fiscal year, with diluted EPS forecasted at $2.65-$2.80.
Floor & Decor (NYSE: FND) will open a new location in Capitol Heights, Maryland, on August 5, 2022, expanding its nationwide presence. The store will employ approximately 50 associates, offering a wide selection of hard-surface flooring and free design services. The grand opening includes a $5,000 Floor Makeover Sweepstakes and promotions for professionals in the construction industry. As of March 31, 2022, Floor & Decor operates 166 stores across 34 states, providing customers with diverse flooring options sourced from global manufacturers.
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