earnings
confidence high
sentiment negative
materiality 0.70
Floor & Decor Q1 net sales -2.2% to $1.097B; diluted EPS $0.46, down 30% YoY
Floor & Decor Holdings, Inc.
2024-Q1 EPS reported
$0.46
revenue$1,097,289,000
- Net sales $1,097.3M decreased 2.2% from $1,122.1M; comparable store sales fell 11.6%.
- Diluted EPS $0.46, down 30.3% from $0.66; net income $50.0M, down 30.0%.
- Operating income $59.3M (-37.9%); operating margin 5.4%, down 310 bps YoY.
- Adjusted EBITDA $123.0M, down 17.8% from $149.6M in Q1 fiscal 2023.
- Opened four new warehouse stores; quarter-end count 225 warehouse stores plus five design studios.