NYSE$FND

Floor & Decor Holdings Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record financial results, driven by strong execution, growing brand awareness, and a favorable economic environment.

Floor & Decor Holdings, Inc. reported a strong second quarter of fiscal year 2021, with net sales increasing by 86.0% to $860.1 million and comparable store sales increasing by 68.4%. Diluted earnings per share increased by 156.7% to $0.77. The company also completed the acquisition of Spartan Surfaces, Inc.

  • Net sales increased 86.0% to $860.1 million compared to Q2 2020.
  • Comparable store sales increased 68.4% compared to Q2 2020.
  • Diluted earnings per share increased 156.7% to $0.77 compared to Q2 2020.
  • Completed acquisition of Spartan Surfaces, Inc.

Headline financials

Total Revenue

$860M

Previous: $462M+86.0%
EPS (adj)

$0.73

Previous: $0.13+461.5%
Comparable Store Sales Growth

68.4%

Previous: -20.8%+428.8%
Number of Warehouse Stores

147

Previous: 125+17.6%
Free Cash Flow

$82.9M

Previous: $32M+159.1%
Net Income

$82.9M

Previous: $32M+159.1%
Operating Income

$98.6M

Previous: $21.1M+367.3%
Gross Profit

$365M

Previous: $197M+85.8%
Cash & Equivalents

$366M

Previous: $134M+172.4%
Total Assets

$3.36B

Previous: $2.53B+33.0%
Stock-Based Comp

$5.32M

Previous: $4.23M+25.6%

Revenue & EPS history

Floor & Decor · Revenue · Quarterly

$860M

Q2 2021+86%vs Q2 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The company updated select annual guidance for new store openings and certain other financial measures that it believes it can reasonably forecast.

Tailwinds

  • Depreciation and amortization expense of approximately $115 million to $117 million
  • Interest expense, net of approximately $5 million
  • Tax rate of approximately 24%
  • Diluted weighted average shares outstanding of approximately 107 million shares
  • Open 27 new warehouse-format stores and two small design studios

Headwinds

  • Capital expenditures in the range of approximately $455 million to $475 million

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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