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, Inc. (NYSE: FND) announced the promotion of Bryan Langley to Executive Vice President and Chief Financial Officer effective November 29, 2022. Langley, who has been with the company since 2014, succeeds Trevor Lang, now President. He will oversee finance functions, including accounting, financial planning, and treasury. CEO Tom Taylor praised Langley’s financial expertise and leadership. Floor & Decor operates 178 stores across 35 states, specializing in hard-surface flooring and related products.
Floor & Decor (NYSE: FND) is expanding with a new location in South Summerlin, Nevada, opening on November 28, 2022. This marks the company's third warehouse store in the Las Vegas area, enhancing its nationwide presence. The store will employ around 50 associates and provide a wide range of flooring solutions, including free design services. Celebrations include a $5,000 Floor Makeover Sweepstakes for customers and a special VIP event for professionals on December 8, featuring prizes like a Chevrolet Silverado.
Floor & Decor (NYSE: FND) announces the opening of its new store in Cedar Park, Texas, on November 25, 2022. This marks the fourth location in the Austin area, employing around 45 associates. The grand opening will feature a $5,000 Floor Makeover sweepstakes and a special Pro VIP event on January 10, aimed at engaging professionals from various sectors.
As of September 29, 2022, Floor & Decor operates 178 stores across 35 states, providing a broad selection of flooring and design services.
Floor & Decor reported a 25.2% increase in net sales for Q3 2022, totaling $1,097.8 million, with comparable store sales up 11.6%. Diluted EPS rose 2.9% to $0.71, while adjusted diluted EPS increased 16.7% to $0.70. The company's operating income reached $101.7 million, a 21.9% increase. For the first nine months, net sales surged 27.7% to $3,216.4 million. The company anticipates net sales of $4,250 to $4,285 million for the fiscal year, alongside a diluted EPS range of $2.65 to $2.75.
Floor & Decor (NYSE: FND) announces the grand opening of its new warehouse store in Coral Springs, Florida, on November 10, 2022. This location will be the 10th store in South Florida, staffed by 50 associates led by Chief Executive Merchant Alejandro Vasco. Customers can participate in a $5,000 Floor Makeover Sweepstakes starting the same day, with registration ending December 9, 2022. A Pro VIP Grand Opening event for industry professionals is scheduled for December 7, featuring a chance to win a Chevrolet Silverado and other prizes.
Floor & Decor (NYSE: FND) is set to open a new store in Timnath, Colorado on November 7, 2022. This location will feature a team of approximately 50 associates, led by Chief Executive Merchant, Michelle Peil. The store will offer a wide selection of flooring options, including free design services. To celebrate its grand opening, a $5,000 Floor Makeover Sweepstakes will take place, allowing customers to register for a chance to win. Additionally, a Pro VIP Grand Opening event is scheduled for November 8, targeting industry professionals with various giveaways.
Floor & Decor (NYSE: FND) will open a new store in Woodbury, Minnesota on November 7, 2022, marking its second location in the Twin Cities. The store will employ about 50 associates and aims to provide a broad selection of flooring options for both professionals and homeowners. To celebrate, the store will host a $5,000 Floor Makeover Sweepstakes and a family-friendly ‘Super Saturday’ event on November 12. The company operates 174 stores nationwide, offering diverse hard-surface flooring products and free design services.
Floor & Decor will open a new store in Bellingham, Massachusetts on November 7, 2022. The location aims to serve both professional customers and homeowners with a wide range of flooring options and free design services. The grand opening includes a $5,000 floor makeover sweepstakes and incentives for local professionals. Floor & Decor operates 174 stores across 34 states, emphasizing local market needs and broad product availability. Founded in 2000, the company focuses on hard-surface flooring, offering competitive prices and extensive in-stock selections.
Floor & Decor (NYSE: FND) celebrates the grand opening of its 11th Houston-area store in Tomball, Texas, on October 28, 2022. The new warehouse store features approximately 50 associates and offers a wide selection of in-stock flooring options. As part of the grand opening, the company is hosting a $5,000 Floor Makeover Sweepstakes, with registration open until November 17, 2022. The store also invites local professionals for personal tours, featuring giveaways and insights into Floor & Decor's Pro Premier Rewards program.
Floor & Decor has announced the grand opening of its new Design Studio in the Buckhead area of Atlanta, Georgia, on October 21, 2022. This new location features over 30 design vignettes and a team led by design manager Quida Lide. The studio offers personalized design services, including in-home consultations, providing customers with top-quality flooring products at competitive prices. As of June 30, 2022, Floor & Decor operates 174 stores and five design studios across 34 states, showcasing a wide selection of hard-surface flooring options.
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