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Jun 26
Floor & Decor Q2 2025 Earnings Report
Floor & Decor reported an increase in net sales, comparable store sales, and diluted EPS for the second quarter of fiscal 2025.
Key Takeaways
Floor & Decor Holdings, Inc. announced strong financial results for the second quarter of fiscal 2025, with net sales increasing by 7.1% to $1,214.2 million and diluted EPS rising by 11.5% to $0.58. The company also achieved its first quarterly comparable store sales increase since Q4 2022, growing by 0.4%, and opened three new warehouse stores.
Net sales for Q2 2025 reached $1,214.2 million, marking a 7.1% increase compared to the same period last year.
Diluted earnings per share (EPS) for Q2 2025 increased by 11.5% to $0.58, up from $0.52 in Q2 2024.
Comparable store sales saw a positive increase of 0.4% in Q2 2025, the first quarterly increase since Q4 2022.
The company opened three new warehouse stores during the quarter, bringing the total to 257 warehouse stores and five design studios by the end of Q2 2025.
Floor & Decor
Floor & Decor
Forward Guidance
Floor & Decor provided an updated outlook for the fiscal year ending December 25, 2025, projecting net sales between $4,660 million and $4,750 million, and diluted EPS between $1.75 and $2.00. The company plans to open 20 new warehouse stores.
Positive Outlook
- Projected net sales for fiscal 2025 are between $4,660 million and $4,750 million.
- Anticipated diluted EPS for fiscal 2025 is between $1.75 and $2.00.
- Adjusted EBITDA is expected to be between $520 million and $550 million.
- The company plans to open 20 new warehouse stores in fiscal 2025.
- Depreciation and amortization expense is estimated at approximately $245 million.
Challenges Ahead
- Comparable store sales are projected to be between (2.0)% to flat for fiscal 2025.
- Interest expense, net, is estimated at approximately $5 million.
- Tax rate is expected to be approximately 21% to 22%.
- Diluted weighted average shares outstanding are projected at approximately 109 million shares.
- Capital expenditures are estimated to be between $280 million and $320 million.