Floor & Decor Holdings ( (FND) ) has released its Q3 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 industry, offering a wide range of flooring products and related accessories through its warehouse-format stores and design studios across the United States. The company is headquartered in Atlanta, Georgia.
In its third quarter fiscal 2025 earnings report, Floor & Decor Holdings announced a 5.5% increase in net sales, reaching $1,179.5 million. Despite a slight decline in comparable store sales by 1.2%, the company reported a 10.4% increase in diluted earnings per share, achieving $0.53. The company also expanded its footprint by opening five new warehouse stores during the quarter.
Key financial highlights include an 8.6% increase in operating income to $72.0 million and a 10.8% rise in net income to $57.3 million compared to the same quarter last year. The company also reported an adjusted EBITDA of $138.8 million, marking a 4.4% increase. For the year-to-date period, net sales increased by 6.2%, and the company opened a total of 12 new warehouse stores.
Looking ahead, Floor & Decor Holdings remains on track to open 20 new stores by the end of fiscal 2025. The company anticipates net sales between $4,660 million and $4,710 million for the fiscal year, with diluted EPS expected to range from $1.87 to $1.97. The management remains focused on operational discipline to navigate the challenges in the hard surface flooring market.