NYSE$FND

Floor & Decor Holdings Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported strong Q4 2020 earnings results driven by exceptional execution and strong customer service during the COVID-19 pandemic.

Floor & Decor Holdings, Inc. reported a significant increase in net sales, comparable store sales, and earnings per share for the fourth quarter of fiscal 2020. Net sales increased by 37.3% to $723.7 million, and comparable store sales increased by 21.6%. Diluted earnings per share increased by 58.8% to $0.54.

  • Net sales increased 37.3% to $723.7 million.
  • Comparable store sales increased 21.6%.
  • Operating income increased 61.5% to $68.0 million.
  • Diluted EPS increased 58.8% to $0.54.

Headline financials

Total Revenue

$724M

Previous: $527M+37.3%
EPS (adj)

$0.47

Previous: $0.26+80.8%
Comparable Store Sales Growth

21.6%

Previous: 5.2%+315.4%
Number of Warehouse Stores

133

Previous: 120+10.8%
Net Income

$57.1M

Previous: $35.3M+61.7%
Operating Income

$68M

Previous: $42.1M+61.5%
Gross Profit

$308M

Previous: $230M+33.7%
Cash & Equivalents

$308M

Previous: $27M+1038.3%
Total Assets

$2.88B

Previous: $2.32B+23.9%
Stock-Based Comp

$4.57M

Previous: $2.05M+123.0%

Revenue & EPS history

Floor & Decor · Revenue · Quarterly

$724M

Q4 2020+37.3%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Due to the continued uncertainty regarding the ongoing impacts of the COVID-19 pandemic and the associated complexity of forecasting, the company is providing select annual guidance for new store openings and certain other financial measures that they believe they can reasonably forecast.

Tailwinds

  • Depreciation and amortization expense of approximately $116 million to $118 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

  • The COVID-19 pandemic had a material negative impact on our financial results during the first two quarters of fiscal 2020.
  • The full impact that the pandemic could have on the broader economy and our business in fiscal 2021 remains highly uncertain.
  • The full financial impact of the pandemic on our business cannot be reasonably estimated at this time.
  • Planning for fiscal 2021 is based on a range of potential outcomes.
  • Continued uncertainty regarding the ongoing impacts of the COVID-19 pandemic and the associated complexity of forecasting.

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 Q4 2020

Historical avgQ4 2020

+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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