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Jul 01, 2021
Floor & Decor Q2 2021 Earnings Report
Reported record financial results, driven by strong execution, growing brand awareness, and a favorable economic environment.
Key Takeaways
Floor & Decor Holdings, Inc. reported a strong second quarter of fiscal year 2021, with net sales increasing by 86.0% to $860.1 million and comparable store sales increasing by 68.4%. Diluted earnings per share increased by 156.7% to $0.77. The company also completed the acquisition of Spartan Surfaces, Inc.
Net sales increased 86.0% to $860.1 million compared to Q2 2020.
Comparable store sales increased 68.4% compared to Q2 2020.
Diluted earnings per share increased 156.7% to $0.77 compared to Q2 2020.
Completed acquisition of Spartan Surfaces, Inc.
Forward Guidance
The company updated select annual guidance for new store openings and certain other financial measures that it believes it can reasonably forecast.
Positive Outlook
- Depreciation and amortization expense of approximately $115 million to $117 million
- Interest expense, net of approximately $5 million
- Tax rate of approximately 24%
- Diluted weighted average shares outstanding of approximately 107 million shares
- Open 27 new warehouse-format stores and two small design studios
Challenges Ahead
- Capital expenditures in the range of approximately $455 million to $475 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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