Should you watch Floor & Décor (NYSE: FND) in Q2 2023?

March 16, 2023 12:39 PM CET | By Raza Naqvi
 Should you watch Floor & Décor (NYSE: FND) in Q2 2023?
Image source: © Embe2006 | Megapixl.com

Highlights

  • Floor & Decor was founded in 2000 and is headquartered in Atlanta, Georgia.
  • In Q4 2022, the company's net sales increased by 14.6 per cent year-over-year (YoY).
  • The net income of Floor & Decor amounted to US$ 69.2 million, up 38.8 per cent YoY.

Floor & Decor Holdings, Inc., branded as Floor & Decor, is a multi-channel American speciality retailer of hard surface flooring and related accessories. The company offers a broad selection of in-stock tile, wood, laminate, natural stone flooring, and decorative bathroom items such as sinks and vanities.

Floor & Decor was founded in 2000 and is headquartered in Atlanta, Georgia. As of 2023, the company has several warehouse-format stores across the United States, with plans to continue expanding its footprint.

The company is recognized as a leading specialty retailer in the hard surface flooring industry. The company is listed on the New York Stock Exchange (NYSE) under the ticker symbol FND.

Key data of FND

On Tuesday, March 14, the FND stock was marginally up by 0.14 per cent and closed at US$ 88.98 per share. As of writing, the market cap of FND was US$ 9.44 billion, and its earnings per share (EPS) were 2.78.

The company's price-to-earnings (P/E) ratio is 32, and its price-to-book (P/B) ratio stood at 5.7 on March 15.

Latest earnings of Floor & Decor

In Q4 2022, the company's net sales increased by 14.6 per cent year-over-year (YoY) to US$ 1,048.1 million. Meanwhile, the comparable store sales jumped 2.5 per cent YoY.

In the final quarter of fiscal 2022, diluted earnings per share grew by 39.1 per cent to US$ 0.64 from US$ 0.46.

The net income of Floor & Decor amounted to US$ 69.2 million, up 38.8 per cent YoY, and the adjusted net income jumped 46.2 per cent YoY to US$ 68.9 million.

Notably, the adjusted EBITDA increased by 42 per cent YoY to US$ 143.1 million.


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