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Dec 26, 2024
Floor & Decor Q4 2024 Earnings Report
Floor & Decor reported solid revenue growth and improved operating income despite a decline in comparable store sales.
Key Takeaways
Floor & Decor Holdings, Inc. posted Q4 2024 net sales of $1,107.4 million, a 5.7% increase year-over-year. Despite a 0.8% decline in comparable store sales, operating income grew by 28.3% to $59.2 million. Net income rose 28.1% to $47.5 million, with EPS reaching $0.44. The company opened 10 new warehouse stores, ending the quarter with 251 stores across 38 states.
Net sales increased 5.7% year-over-year to $1,107.4 million.
Comparable store sales decreased by 0.8%.
Net income grew 28.1% to $47.5 million, with EPS at $0.44.
Opened 10 new warehouse stores, reaching 251 total locations.
Forward Guidance
Floor & Decor expects net sales to range between $4,740 million and $4,900 million for fiscal 2025, with comparable store sales projected between flat and 3.0%. The company plans to open 25 new warehouse stores.
Positive Outlook
- Net sales projected between $4,740 million and $4,900 million.
- Comparable store sales expected to be flat to 3.0%.
- Diluted EPS guidance in the range of $1.80 to $2.10.
- Adjusted EBITDA guidance between $540 million and $575 million.
- Plan to open 25 new warehouse stores in fiscal 2025.
Challenges Ahead
- Operating margin pressure due to higher operating expenses.
- Comparable store sales may remain flat in 2025.
- Macroeconomic headwinds could impact consumer spending.
- Depreciation and amortization expense expected at approximately $245 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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