Floor & Decor Holdings, Inc. - FND STOCK NEWS

Floor & Decor Holdings (NYSE: FND) reported a 0.2% decrease in net sales to $1,133.1 million for Q2 2024 compared to Q2 2023. Comparable store sales dropped 9.0%. Diluted EPS was $0.52, down from $0.66 last year. Net income fell 20.7% to $56.7 million, and operating income decreased 24.9% to $71.3 million. Operating margin dropped 210 basis points to 6.3%. The company opened five new warehouse stores.

For the first half of 2024, net sales declined 1.2% to $2,230.4 million, with a 10.3% decrease in comparable store sales. Operating income fell 31.4% to $130.6 million, and net income decreased 25.4% to $106.7 million. Diluted EPS was $0.99, down from $1.33.

Updated fiscal year guidance includes net sales of $4,400-$4,490 million, comparable store sales of (8.5)% to (6.5)%, and diluted EPS of $1.55-$1.75. The company plans to open 30 new warehouse stores in 2024.

Floor & Decor (NYSE: FND) has announced the grand opening of its eleventh warehouse location in South Florida, at 6750 Okeechobee Boulevard, West Palm Beach. The new store, led by Jordan Fritts as Chief Executive Merchant, will employ about 50 full-time and part-time associates. To celebrate, the company is hosting a ribbon-cutting ceremony on July 25 and a Pro Industry Networking Event on August 1. Additionally, Floor & Decor is offering a $5,000 Floor Makeover Sweepstakes and a family-friendly 'Best In Town' event on August 3. The company, recognized as one of Fortune's 100 fastest-growing companies and named to Yelp's 'Most Loved Brands' list, continues to expand its footprint in the flooring retail market.

Floor & Decor (NYSE: FND) has announced the grand opening of its eleventh warehouse location in the greater Chicago area, situated in Deerfield, Illinois. The new store, led by Chief Executive Merchant Esther Hawkins, will employ approximately 50 full-time and part-time associates. To celebrate the opening, Floor & Decor is hosting several events:

1. A ribbon-cutting ceremony on July 29 with the Deerfield Chamber of Commerce
2. A Pro Industry Networking Event on July 25 for builders, contractors, and other professionals
3. A $5,000 Floor Makeover Sweepstakes running until September 30, 2024
4. A 'Best In Town' event on August 3, featuring local business partnerships and a $100,000 'Crack the Code' contest

The new store, located at 96 South Waukegan Road, aims to provide a wide selection of hard-surface flooring options to both homeowners and professionals in the area.

Floor & Decor Holdings (NYSE: FND) announced that it will release its second quarter fiscal 2024 financial results on August 1, 2024, after market close. The company plans to hold a conference call at 5:00 p.m. Eastern Time to discuss these results. A live audio webcast of the call, along with related materials, will be available on the company's investor relations website. A recorded replay of the call will be accessible approximately three hours after the call concludes. The replay can be accessed online and via telephone until August 8, 2024.

Floor & Decor (NYSE: FND), a leading retailer specializing in hard-surface flooring, announced the grand opening of its first warehouse location in Columbus, Georgia. The new store, located at 5555 Whittlesey Boulevard, employs around 50 full-time and part-time associates and is led by Chief Executive Merchant Jesse Hull. The grand opening includes a ribbon-cutting ceremony on June 27, 2024, and a Pro Industry Networking Event for builders, contractors, and other professionals. Additionally, the store will host a $5,000 floor makeover sweepstakes and a 'Best in Town' event on July 13, offering various prizes and activities for the community.

Floor & Decor, a leading high-growth retailer specializing in hard-surface flooring, announced the opening of its first-ever New York City store at Liberty Bklyn on May 6, 2024. The store is the company's 228th in the U.S., offering a vast selection of flooring options at everyday low prices for homeowners and construction professionals.

Floor & Decor Holdings, Inc. announced its first quarter fiscal 2024 financial results, with net sales of $1,097.3 million, a 2.2% decrease from the previous year. Comparable store sales dropped by 11.6%, with diluted earnings per share at $0.46. The company opened four new warehouse stores and aims to operate 500 in the US over time. Despite challenges, the focus remains on growth and strategic investments.

Floor & Decor, a leading retailer specializing in hard-surface flooring, has opened its third warehouse location in Tennessee. The new store offers a wide selection of tile, natural wood, natural stone, and more. The grand opening features a ribbon-cutting ceremony, a Pro Industry Networking Event, a $5,000 Floor Makeover Sweepstakes, and a 'Best in Town' event with a Million Dollar Dice Roll. Floor & Decor aims to serve professionals and homeowners, building strong community relationships.