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Sep 24, 2020
Floor & Decor Q3 2020 Earnings Report
Net sales and comparable store sales increased, with diluted earnings per share also experiencing growth.
Key Takeaways
Floor & Decor Holdings, Inc. reported strong Q3 2020 results, with net sales increasing by 31.4% to $684.8 million and comparable store sales rising by 18.4%. Diluted earnings per share increased by 66.7% to $0.65.
Net sales increased 31.4% from the third quarter of fiscal 2019 to $684.8 million.
Comparable store sales increased 18.4% from the third quarter of fiscal 2019.
Diluted earnings per share increased 66.7% to $0.65 from $0.39 in the third quarter of fiscal 2019.
Adjusted diluted EPS increased 107.4% to $0.56 from $0.27 in the third quarter of fiscal 2019.
Floor & Decor
Floor & Decor
Forward Guidance
The company is optimistic about the remainder of fiscal 2020 due to improved housing market conditions, low interest rates, the secular demand for housing, and homeowners undertaking projects to repurpose and personalize their homes.