NYSE$FND

Floor & Decor Holdings Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Net sales and comparable store sales increased, with diluted earnings per share also increasing.

Floor & Decor Holdings, Inc. reported a strong third quarter with net sales increasing by 25.2% to $1,097.8 million and comparable store sales increasing by 11.6%. Diluted earnings per share increased by 2.9% to $0.71.

  • Net sales increased 25.2% to $1,097.8 million.
  • Comparable store sales increased 11.6%.
  • Diluted earnings per share increased 2.9% to $0.71.
  • Opened four new warehouse-format stores.

Headline financials

Total Revenue

$1.1B

Previous: $877M+25.2%
EPS (adj)

$0.70

Previous: $0.60+16.7%
Comparable Store Sales Growth

11.6%

Previous: 10.9%+6.4%
Number of Warehouse Stores

178

Previous: 153+16.3%
Free Cash Flow

$76.2M

Previous: $74.6M+2.0%
Net Income

$76.2M

Previous: $74.6M+2.0%
Operating Income

$102M

Previous: $83.4M+21.9%
Gross Profit

$447M

Previous: $365M+22.5%
Cash & Equivalents

$7.69M

Previous: $330M-97.7%
Total Assets

$4.24B

Previous: $3.63B+17.0%
Stock-Based Comp

$6.36M

Previous: $5.28M+20.4%

Revenue & EPS history

Floor & Decor · Revenue · Quarterly

$1.1B

Q3 2022+25.2%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The company provided an updated outlook for the fiscal year ending December 29, 2022, including net sales of approximately $4,250 to $4,285 million and comparable store sales growth of approximately 9% to 10%.

Tailwinds

  • Net sales of approximately $4,250 to $4,285 million
  • Comparable store sales growth of approximately 9% to 10%
  • Diluted EPS to be in the range of $2.65 to $2.75
  • Adjusted EBITDA in the range of $565 million to $575 million
  • Open 32 new warehouse-format stores and four small design studios

Headwinds

  • Global inflationary pressures on raw materials could cause our vendors to seek further price increases on the products we sell
  • Our failure to successfully anticipate consumer preferences and demand
  • Any disruption in our supply chain, including carrier capacity constraints, higher shipping prices and other supply chain costs or product shortages
  • The inability to staff our stores and distribution centers sufficiently, including for reasons due to the COVID-19 pandemic and other impacts of the COVID-19 pandemic
  • Increases in commodity, material, transportation and energy costs, including the impact such increases could have on the cost of goods sold

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 Q3 2022

Historical avgQ3 2022

+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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