Floor & Decor Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 28, 2023
February 22, 2024 at 04:05 pm EST
Share
Floor & Decor Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 28, 2023. For the fourth quarter, the company reported sales was USD 1,048.12 million compared to USD 1,048.07 million a year ago. Net income was USD 37.08 million compared to USD 69.24 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.65 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.64 a year ago.
For the full year, sales was USD 4,413.88 million compared to USD 4,264.47 million a year ago. Net income was USD 245.98 million compared to USD 298.2 million a year ago. Basic earnings per share from continuing operations was USD 2.31 compared to USD 2.82 a year ago. Diluted earnings per share from continuing operations was USD 2.28 compared to USD 2.78 a year ago.
Floor & Decor Holdings, Inc. is a multi-channel specialty retailer and commercial flooring distributor. It primarily sells hard surface flooring and related accessories and is a seller of commercial surfaces. The Company operates 221 warehouse-format stores and five design studios across 36 states. The Company offers an assortment of in-stock hard-surface flooring, including tile, wood, laminate and vinyl, and natural stone, along with decorative accessories and wall tile, installation materials, and adjacent categories. The Company offers its products to various customers, including professional installers and commercial businesses (Pro) and homeowners, which are comprised of do-it-yourself customers (DIY) and buy it yourself customers who buy the products for professional installation (BIY). Its warehouse-format stores, which average approximately 78,000 square feet. The Companyâs subsidiary is Floor and Decor Outlets of America, Inc.
FLOOR & DECOR HOLDINGS, INC. 
