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Sep 25
Floor & Decor Q3 2025 Earnings Report
Floor & Decor Holdings, Inc. announced its financial results for the third quarter of fiscal 2025, reporting increased net sales, operating income, net income, and diluted EPS, while comparable store sales decreased.
Key Takeaways
Floor & Decor delivered a strong third quarter in fiscal 2025, with diluted EPS of $0.53, marking a 10.4% increase year-over-year and exceeding guidance. The company achieved a 5.5% increase in net sales to $1,179.5 million, despite a 1.2% decrease in comparable store sales. Operating income grew by 8.6% to $72.0 million, and net income rose by 10.8% to $57.3 million, demonstrating operational discipline in a soft demand environment.
Net sales increased by 5.5% to $1,179.5 million in Q3 2025 compared to the same period last year.
Diluted EPS grew by 10.4% to $0.53, surpassing guidance and marking the second consecutive quarter of double-digit EPS growth.
Operating income rose by 8.6% to $72.0 million, with the operating margin improving by 20 basis points to 6.1%.
The company opened five new warehouse stores during the quarter, bringing the total to 262 warehouse stores.
Floor & Decor
Floor & Decor
Forward Guidance
Floor & Decor updated its outlook for the fiscal year ending December 25, 2025, projecting net sales between $4,660 million and $4,710 million, and diluted EPS between $1.87 and $1.97. The company expects comparable store sales to be in the range of (2.0)% to (1.0)% and plans to open 20 new warehouse stores.
Positive Outlook
- Projected net sales of approximately $4,660 million to $4,710 million for fiscal year 2025.
- Anticipated diluted EPS of approximately $1.87 to $1.97 for fiscal year 2025.
- Expected Adjusted EBITDA of approximately $530 million to $545 million.
- Plans to open 20 new warehouse stores in fiscal year 2025.
- Projected capital expenditures of approximately $280 million to $300 million to support growth.
Challenges Ahead
- Comparable store sales are expected to decrease by approximately (2.0)% to (1.0)%.
- Interest expense, net, is projected to be approximately $4 million.
- Depreciation and amortization expense is estimated at approximately $240 million.
- Tax rate is expected to be approximately 21%.
- Diluted weighted average shares outstanding are projected at approximately 108.5 million shares.