Floor & Decor Holdings, Inc. - FND STOCK NEWS

Floor & Decor Holdings, Inc. (NYSE: FND) will present at the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 12:40 pm Central Time. The presentation will be available via live webcast on the Company's Investor Relations website. As of Q1 2021, Floor & Decor operates 140 warehouse-format stores and two design centers across 32 states, offering a wide range of hard-surface flooring and installation accessories at competitive prices. Founded in 2000, the company is headquartered in Atlanta, Georgia.

Floor & Decor (NYSE: FND) is set to open a new 80,000 square-foot location in Fresno, California on May 19, 2021, creating approximately 45 job opportunities. The store aims to serve both professionals and homeowners with a wide selection of flooring options, competitive pricing, and complimentary design services. To celebrate the grand opening, the company will host a $5,000 Floor Makeover Sweepstakes. Additionally, local professionals can schedule personal tours and participate in exclusive giveaways. Floor & Decor operates 140 warehouse stores across 32 states, offering diverse flooring solutions.

Floor & Decor (NYSE: FND) has announced its acquisition of 100% of Spartan Surfaces for up to $90 million, with part of the payment contingent on achieving specific fiscal performance goals through 2024. This transaction, expected to close in Q2 of fiscal 2021, will be financed using cash and $5 million in FND common stock. Though anticipated to be accretive, it is not expected to materially impact 2021 earnings per share. Spartan Surfaces will retain its management team and operate as a subsidiary, leveraging Floor & Decor's extensive resources to enhance growth in the commercial flooring market.

Floor & Decor Holdings (NYSE: FND) reported a strong financial performance for Q1 2021, with net sales rising 41.0% to $782.5 million from $554.9 million year-over-year. Comparable store sales increased 31.1%, driven by robust demand across all categories. Operating income surged 105.6% to $95.9 million, while net income jumped 104.5% to $75.8 million. Diluted EPS rose to $0.71, reflecting a 102.9% increase. The company plans to open 27 new warehouse stores in fiscal 2021 and maintains a cautious outlook regarding the ongoing impact of the COVID-19 pandemic.

Floor & Decor (NYSE: FND) is set to open a new 80,000 square-foot store in Greenville, South Carolina, on May 13, 2021, expanding its nationwide presence. This location will employ around 50 associates and offer a range of flooring options for both professionals and homeowners. The grand opening includes a $5,000 Floor Makeover Sweepstakes and incentives for local professionals who schedule store tours. Floor & Decor currently operates 133 stores across 31 states, providing a diverse selection of flooring products at competitive prices.

Floor & Decor Holdings (NYSE: FND) will announce its Q1 fiscal 2021 financial results after market close on May 6, 2021. A conference call to discuss the results is scheduled for 5:00 p.m. ET, with a live audio webcast available on their investor relations site. A recorded replay will be accessible two hours post-call until May 13, 2021. As of the end of Q4 fiscal 2020, the company operates 133 warehouse-format stores across 31 states, offering a wide variety of flooring products at competitive prices.

Floor & Decor Holdings (NYSE:FND) has appointed William T. Giles, former CFO of AutoZone, to its Board of Directors and as Chairperson of the Audit Committee, effective April 15, 2021. CEO Tom Taylor expressed excitement about Giles' extensive experience in managing growth at a leading retailer, noting his expected contributions to the company’s strategic growth plans. Floor & Decor operates 133 stores across 31 states, focusing on a wide range of flooring products.

Floor & Decor (NYSE: FND) will open a new 75,000 square-foot store in Danbury, Connecticut on March 31, 2021. This marks the company's first location in the state, employing around 50 associates. The store will cater to both professional customers and homeowners with a wide selection of flooring products and free design services. Additionally, a $5,000 Floor Makeover Sweepstakes will commence on opening day, providing customers with a chance to win a gift card. Pros can also schedule store tours to learn more about services and products, with exclusive prizes available.

Floor & Decor Holdings, Inc. (FND) will present at the Bank of America Consumer and Retail Technology Conference on March 10, 2021, at 2:30 PM ET. The presentation will be available via live webcast on the Company's Investor Relations website, with an archive accessible later. As of the end of Q4 2020, Floor & Decor operates 133 warehouse-format stores and two design centers across 31 states, offering a wide range of flooring products including tile, wood, and natural stone.