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Dec 26, 2019
Floor & Decor Q4 2019 Earnings Report
Announced fourth quarter and fiscal 2019 financial results.
Key Takeaways
Floor & Decor reported a strong fourth quarter with net sales increasing by 20.7% to $527.0 million and comparable store sales increasing by 5.2%. The company opened seven new stores, ending the quarter with 120 warehouse format stores. Net income increased by 97.4% to $35.3 million, and diluted EPS was $0.34.
Net sales increased 20.7% to $527.0 million.
Comparable store sales increased 5.2%.
Operating income increased 80.7% to $42.1 million.
Diluted EPS was $0.34 compared to $0.17.
Forward Guidance
The Company will report 53-weeks of operating results in fiscal 2020 compared to 52-weeks in 2019 and provides the following guidance for fiscal 2020:
Positive Outlook
- Net sales of approximately $2,485 to $2,510 million
- The 53rd week is expected to contribute approximately $34 to $35 million to net sales
- Comparable store sales growth of approximately 5.5% to 6.5%
- GAAP diluted EPS to be in the range of $1.34 to $1.41
- Open twenty-four new warehouse format stores
Historical Earnings Impact
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