NYSE$FND
Floor & Decor Holdings Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Net sales increased, comparable store sales decreased, and earnings per share remained flat.
Floor & Decor reported a 9.1% increase in net sales to $1,122.1 million for the first quarter of fiscal 2023. Comparable store sales decreased by 3.3%. Diluted earnings per share were $0.66, unchanged from the previous year. The company opened three new warehouse stores, bringing the total to 194, and aims to reach 500 stores in the long term.
- Net sales increased by 9.1% to $1,122.1 million compared to the first quarter of fiscal 2022.
- Comparable store sales decreased by 3.3%.
- Operating income increased by 1.6% to $95.5 million.
- The company opened three new warehouse stores, ending the quarter with 194 warehouse stores and five design studios.
Headline financials
Revenue & EPS history
Floor & Decor · Revenue · Quarterly
$1.12B
Forward guidance
For the fiscal year ending December 28, 2023, Floor & Decor anticipates net sales between $4,610 million and $4,750 million, comparable store sales ranging from -3.0% to flat, and diluted EPS in the range of $2.55 to $2.85. They plan to open 32 to 35 new warehouse-format stores.
Tailwinds
- Net sales of approximately $4,610 million to $4,750 million
- Comparable store sales of approximately (3.0)% to flat
- Diluted EPS to be in the range of $2.55 to $2.85
- Open 32 to 35 new warehouse-format stores
- Adjusted EBITDA in the range of $605 million to $650 million
Headwinds
- An overall decline in the health of the economy, the hard surface flooring industry, consumer confidence and spending and the housing market, including as a result of rising inflation or interest rates
- Demand fluctuations in the housing industry, and demand for our products and services may be adversely affected by unfavorable economic conditions, including rising interest rates, inflation, a decline in disposable income levels and recession fears
- Global inflationary pressures on raw materials, energy, commodity, transportation, and other costs could cause our vendors to seek further price increases on the products we sell
- Any disruption in our supply chain, including carrier capacity constraints, port congestion, higher shipping, rail, and trucking prices and other supply chain costs or product shortages
- Our failure to successfully anticipate consumer preferences and demand
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.0%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.8%
Avg return
30 days after
54%
22 / 41 earnings
Positive
+25.0%
Q3 2018
Best reaction
-21.4%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.6% | +5.4% | +6.2% | |
| Q4 2025 | +4.9% | +3.6% | -24.2% | |
| Q3 2025 | -8.5% | -5.5% | -2.1% | |
| Q1 2025 | +2.5% | +1.6% | -0.8% | |
| Q4 2024 | +1.5% | +10.3% | -9.3% | |
| Q3 2024 | +2.9% | +9.4% | +12.1% | |
| Q2 2024 | -0.1% | -0.7% | +14.7% | |
| Q1 2024 | +3.4% | +7.0% | +6.9% | |
| Q4 2023 | +7.2% | +10.3% | +19.1% | |
| Q3 2023 | -2.6% | -4.2% | +17.7% | |
| Q2 2023 | -8.1% | -5.4% | -10.3% | |
| Q1 2023 | -5.2% | -6.0% | -3.5% | |
| Q4 2022 | +2.1% | +3.0% | +4.5% | |
| Q3 2022 | +6.0% | +8.4% | +17.6% | |
| Q2 2022 | +11.0% | +3.3% | -4.4% | |
| Q1 2022 | -13.7% | -16.2% | -11.5% | |
| Q4 2021 | +9.5% | +5.2% | -2.4% | |
| Q3 2021 | -5.2% | -4.4% | -9.2% | |
| Q2 2021 | -4.7% | -3.6% | +0.2% | |
| Q1 2021 | +0.8% | -6.1% | -13.7% | |
| Q4 2020 | -2.3% | -4.7% | +0.4% | |
| Q3 2020 | -6.2% | +1.5% | +4.9% | |
| Q2 2020 | -6.7% | -3.2% | +3.7% | |
| Q1 2020 | -2.0% | -0.5% | +21.6% | |
| Q4 2019 | +7.8% | +6.2% | -46.6% | |
| Q3 2019 | -3.0% | -5.8% | +4.8% | |
| Q2 2019 | +12.3% | +7.3% | +25.7% | |
| Q1 2019 | -7.5% | -10.6% | -25.4% | |
| Q4 2018 | +3.3% | +2.9% | +8.3% | |
| Q3 2018 | +25.0% | +27.3% | +29.5% | |
| Q2 2018 | -21.4% | -20.4% | -23.0% | |
| Q1 2018 | -13.2% | -15.6% | -10.2% | |
| Q4 2015 | +4.3% | +5.5% | +27.4% | |
| Q4 2017 | -1.9% | +2.3% | +15.6% | |
| Q3 2017 | +6.4% | +3.2% | +6.7% | |
| Q3 2016 | +6.4% | +3.2% | +6.7% | |
| Q2 2016 | -5.5% | -7.0% | -9.1% | |
| Q2 2017 | -5.5% | -7.0% | -9.1% | |
| Q1 2017 | +13.8% | +5.3% | +11.5% | |
| Q1 2016 | +13.8% | +5.3% | +11.5% | |
| Q4 2016 | +13.8% | +5.3% | +11.5% | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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