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) will open a new 85,000 sq. ft. location in Parkville, Maryland on June 2, 2022. The store aims to provide extensive flooring options for both homeowners and professionals, featuring in-stock products and free design services. The grand opening includes a $5,000 Floor Makeover Sweepstakes starting May 26 and a Pro VIP event on June 23 targeting builders and contractors. Floor & Decor continues to expand its footprint, operating 166 stores across 34 states as of March 31, 2022.
Floor & Decor Holdings, Inc. (NYSE: FND) announced its participation in the Baird 2022 Global Consumer, Technology & Services Conference on June 7, 2022, at 1:25 p.m. Eastern Time. The presentation will be available via live webcast on the Company’s Investor Relations website, with an archive accessible thereafter. As of March 31, 2022, Floor & Decor operates 166 warehouse-format stores and five design studios across 34 states, offering a wide variety of in-stock hard-surface flooring and related products at competitive prices.
For the first quarter of fiscal 2022, Floor & Decor reported a 31.5% increase in net sales, reaching $1,028.7 million, with comparable store sales up 14.3%. However, diluted earnings per share decreased 7.0% to $0.66, and adjusted diluted EPS fell 1.5% to $0.67. Operating income dipped 2.1% to $94.0 million, while net income fell 6.4% to $71.0 million. The company reaffirmed its fiscal year outlook of net sales between $4,285 and $4,375 million.
Floor & Decor is set to open a new location in Warrensville Heights, Ohio on May 5, 2022. This 80,000 square-foot store will create about 50 jobs and provide a wide selection of flooring options for both professionals and homeowners. To celebrate the opening, the store will hold a $5,000 Floor Makeover Sweepstakes. A special Pro VIP Grand Opening event is scheduled for May 26, inviting industry professionals to explore services and products. The store aims to strengthen its local community ties and cater to diverse customer needs.
Floor & Decor (NYSE: FND) is set to launch a new 80,000 square-foot warehouse and design studio in Oak Ridge North, Texas, on May 5, 2022. This location will be the company's 10th warehouse in the Houston area and will employ around 50 associates. To celebrate the grand opening, a $5,000 Floor Makeover Sweepstakes will be held, allowing customers to register for a gift card. The company aims to strengthen ties with local professionals, offering store tours and prizes to enhance community engagement.
Floor & Decor (NYSE: FND) is set to expand its presence with a new location in Cumming, Georgia, opening on May 5, 2022. This marks the eighth store in the Atlanta area, featuring a 67,000 square-foot warehouse and design center. The grand opening will include a $5,000 Floor Makeover Sweepstakes for customers, starting April 28, 2022, and ending June 4, 2022. Additionally, a special Pro VIP Grand Opening event is scheduled for June 9, highlighting the company's commitment to local professionals and offering various prizes.
Floor & Decor (NYSE: FND) is set to launch a new 79,000 square-foot warehouse store in Stockton, California on May 5, 2022, expanding its retail footprint. The store aims to provide a one-stop solution for professional customers and homeowners, featuring an extensive selection of flooring options and free design services. As part of the grand opening, the store will host a $5,000 Floor Makeover Sweepstakes. A special Pro VIP event is scheduled for May 19 to engage local builders and contractors.
Floor & Decor (NYSE: FND) is set to open a new 70,000 square-foot location in Tinley Park, Illinois on May 3, 2022, marking its 10th store in the Chicago market. The store will employ around 50 associates and aims to provide a one-stop solution for flooring needs with a wide selection and free design services. To celebrate the opening, Floor & Decor is hosting a $5,000 Floor Makeover sweepstakes and inviting local professionals for store tours and prize giveaways. Founded in 2000, the company operates 160 stores across 33 states.
Floor & Decor Holdings, Inc. (NYSE: FND) will release its financial results for Q1 fiscal 2022 after market close on May 5, 2022. The company will host a conference call at 5:00 p.m. Eastern Time to discuss these results. Investors can access a live audio webcast at ir.flooranddecor.com. A recorded replay will be available shortly after the call and can be accessed both online and via phone until May 12, 2022.
Floor & Decor (NYSE: FND) announces the grand opening of its new store in Baton Rouge, Louisiana, on April 21, 2022. The 80,000 square-foot facility will employ around 50 associates and aims to serve both professional customers and homeowners with a diverse selection of flooring products. To celebrate, a $5,000 Floor Makeover Sweepstakes will be held, starting on the opening day. A special Pro VIP Grand Opening event is scheduled for May 3, inviting local professionals to learn about services and win prizes.
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