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Floor & Decor Holdings, Inc. - FND STOCK NEWS

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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Floor & Decor Holdings (NYSE: FND) will announce its Q2 fiscal 2022 financial results on August 4, 2022, post market close. A conference call is set for 5:00 p.m. Eastern Time to discuss the results, with a live audio webcast available at ir.flooranddecor.com. A recording of the call will be accessible three hours later, available online and by dialing 877-660-6853 until August 11, 2022.

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Floor & Decor (NYSE: FND) announces the grand opening of its new location in West Hartford, Connecticut, on July 7, 2022. This facility features a warehouse and design center, employing approximately 50 staff. Chief Executive Merchant Kim Bova expressed excitement for serving both professional customers and homeowners with a wide selection of flooring options. The store will host a $5,000 Floor Makeover Sweepstakes and a special Pro VIP Grand Opening event on July 14.

As of March 31, 2022, Floor & Decor operates 166 stores across 34 states.

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Floor & Decor is set to open a new store in Wilmington, North Carolina on June 6, 2022, expanding its presence nationwide. The store will serve both home and professional customers, offering a wide range of hard-surface flooring options and services. As part of the grand opening, a $5,000 Floor Makeover Sweepstakes will be held, starting May 30 and ending July 3. A special event for professionals is scheduled for June 30, promoting relationships with builders and contractors. Floor & Decor operates 166 stores across 34 states as of March 31, 2022.

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FAQ

What is the current stock price of Floor & Decor Holdings (FND)?

The current stock price of Floor & Decor Holdings (FND) is $101.93 as of December 23, 2024.

What is the market cap of Floor & Decor Holdings (FND)?

The market cap of Floor & Decor Holdings (FND) is approximately 10.8B.

What does Floor & Decor Holdings, Inc. specialize in?

Floor & Decor specializes in hard surface flooring products such as tile, wood, laminate, and natural stone, along with decorative and installation accessories.

Who are the primary customers of Floor & Decor?

Floor & Decor serves a diverse range of customers including professional installers, commercial businesses, DIY enthusiasts, and customers seeking professional installation services.

How many stores does Floor & Decor operate?

Floor & Decor operates over 100 stores across the United States.

Does Floor & Decor have an e-commerce platform?

Yes, Floor & Decor offers its products through an e-commerce site, providing customers with convenient online shopping options.

What sets Floor & Decor apart from other flooring companies?

Floor & Decor offers the largest in-stock selection of hard surface flooring products at everyday low prices, along with inspirational displays and excellent customer service.

What recognition has Floor & Decor received for its growth?

Floor & Decor was recognized as one of Fortune's 100 fastest-growing companies in 2020.

What kind of work culture does Floor & Decor promote?

Floor & Decor promotes a culture of teamwork, innovation, and entrepreneurial spirit, encouraging collaboration and hard work among its associates.

What opportunities does Floor & Decor offer for career growth?

Floor & Decor offers endless opportunities for advancement within the organization, from retail and distribution centers to corporate offices.

Is Floor & Decor involved in any ongoing projects?

Yes, Floor & Decor continues to expand its store network and enhance its product range to stay at the forefront of the flooring retail industry.

How does Floor & Decor ensure customer satisfaction?

Floor & Decor focuses on providing a unique shopping experience with exceptional customer service, everyday low prices, and a wide range of high-quality products.

Floor & Decor Holdings, Inc.

NYSE:FND

FND Rankings

FND Stock Data

10.82B
105.73M
1.4%
114.9%
10.82%
Home Improvement Retail
Retail-lumber & Other Building Materials Dealers
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United States of America
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