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Mar 26, 2020
Floor & Decor Q1 2020 Earnings Report
Net sales and operating income increased, while comparable store sales also saw growth.
Key Takeaways
Floor & Decor Holdings, Inc. reported a 16.3% increase in net sales to $554.9 million and a 2.4% increase in comparable store sales for the first quarter of fiscal 2020. Diluted EPS increased to $0.35 from $0.29 in the first quarter of fiscal 2019.
Net sales increased by 16.3% compared to Q1 2019, reaching $554.9 million.
Comparable store sales increased by 2.4% compared to the same period last year.
Diluted earnings per share increased by 20.7% to $0.35.
The company withdrew its prior full-year fiscal 2020 sales and earnings outlook due to COVID-19 uncertainty.
Floor & Decor
Floor & Decor
Forward Guidance
Due to the uncertainty caused by the COVID-19 pandemic, Floor & Decor withdrew its fiscal year 2020 sales and earnings outlook.