Floor & Decor Holdings ( (FND) ) has released its Q2 earnings. Here is a breakdown of the information Floor & Decor Holdings presented to its investors.
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Floor & Decor Holdings, Inc. is a specialty retailer in the hard surface flooring sector, offering a wide array of flooring products and related accessories through its warehouse-format stores and design studios across the United States. The company recently reported its financial results for the second quarter of fiscal 2025, highlighting a notable increase in net sales and earnings per share compared to the previous year.
In the second quarter of fiscal 2025, Floor & Decor achieved net sales of $1,214.2 million, marking a 7.1% increase from the same period in fiscal 2024. The company also reported a diluted earnings per share of $0.58, reflecting an 11.5% rise. The quarter saw the opening of three new warehouse stores, contributing to a total of 257 stores, up from 230 in the previous year.
Key financial metrics for the quarter included a 14.8% increase in operating income to $81.9 million and an adjusted EBITDA of $150.2 million, up 9.7% from the previous year. Despite a modest 0.4% increase in comparable store sales, the company’s strategic growth initiatives and expense management have been pivotal in driving profitability.
Looking ahead, Floor & Decor remains focused on its expansion plans, aiming to open 20 new stores in fiscal 2025. The company projects net sales between $4,660 million and $4,750 million for the fiscal year, with diluted EPS expected to range from $1.75 to $2.00, reflecting its commitment to sustained growth and market presence.