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Jun 25, 2020
Floor & Decor Q2 2020 Earnings Report
Net sales and comparable store sales decreased, while the company opened two new stores.
Key Takeaways
Floor & Decor Holdings, Inc. reported a decrease in net sales by 11.1% to $462.4 million and a decrease in comparable store sales by 20.8% for the second quarter of fiscal 2020. The company opened two new stores, ending the quarter with 125 warehouse format stores. Diluted EPS decreased to $0.30 from $0.42 in the same quarter last year.
Net sales decreased 11.1% to $462.4 million compared to the second quarter of fiscal 2019.
Comparable store sales decreased 20.8%.
The company opened two new stores during the second quarter of fiscal 2020, ending the quarter with 125 warehouse format stores.
Diluted EPS was $0.30 compared to $0.42 in the second quarter of fiscal 2019.
Forward Guidance
The COVID-19 pandemic has had a material negative impact on the Company's operations and financial results to date. Given the evolving nature of the pandemic and uncertainty regarding its potential severity and duration, the full financial impact of the pandemic on our business cannot be reasonably estimated at this time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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