earnings
confidence high
sentiment positive
materiality 0.70
Floor & Decor Q2 net sales up 26.7% to $1.09B; adj. EPS up 4.1% beat
Floor & Decor Holdings, Inc.
2022-Q2 EPS reported
$1.42
revenue$2,118,580,000
- Net sales $1,089.8M (+26.7% YoY); comparable store sales +9.2%.
- Adjusted diluted EPS $0.76 (+4.1% YoY), beating expectations; GAAP EPS $0.76 (-1.3%).
- Operating margin down 170 bps to 9.8% due to inflation and supply chain costs.
- Opened 9 warehouse stores in Q2; plans to open 8 in Q3 and 32 total in FY22.
- CEO cites better-than-expected earnings despite rising rates and declining home sales.