Floor & Decor Holdings, Inc. Announces First Quarter Fiscal 2025 Financial Results

Net sales of $1,160.7 million increased 5.8% from the first quarter of fiscal 2024

Comparable store sales decreased 1.8%

Diluted EPS of $0.45

Opened four new warehouse stores

Floor & Decor Holdings, Inc. (“We,” “Our,” the “Company,” or “Floor & Decor”) announces its financial results for the first quarter of fiscal 2025, which ended March 27, 2025.

Tom Taylor, Chief Executive Officer, stated, “We are pleased to deliver fiscal 2025 first quarter diluted earnings per share of $0.45, compared to $0.46 in the same period last year. This result exceeded the low end of our first quarter earnings expectations, even though comparable store sales were at the lower end of our forecast. These first quarter results are a testament to our focus on what we can control. Despite the macroeconomic and geopolitical uncertainty, we believe we have a proactive, flexible plan that we are implementing and executing. We successfully managed an increase in tariffs in 2018 and 2019 by pursuing strategies to grow our market share and protect our profitability. Today, we intend to employ similar strategies to achieve these goals in 2025 and beyond.”

“The uncertain macroeconomic environment has led us to prudently reduce our planned new store openings in fiscal 2025. We now intend to open 20 new stores instead of our prior expectation of 25 new stores in fiscal 2025,” said Taylor.

Please see “Comparable Store Sales” below for information on how the Company calculates period-over-period changes in comparable store sales.

For the Thirteen Weeks Ended March 27, 2025

• Net sales of $1,160.7 million increased 5.8% from $1,097.3 million in the first quarter of fiscal 2024.
• Comparable store sales decreased 1.8%.
• We opened four new warehouse stores and closed one warehouse store, ending the quarter with 254 warehouse stores and five design studios.
• Operating income of $64.2 million increased 8.3% from $59.3 million in the first quarter of fiscal 2024. Operating margin of 5.5% increased 10 basis points from the first quarter of fiscal 2024.
• Net income of $48.9 million decreased 2.3% from $50.0 million in the first quarter of fiscal 2024. Diluted earnings per share (“EPS”) of $0.45 decreased 2.2% from $0.46 in the first quarter of fiscal 2024.
• Adjusted EBITDA* of $129.8 million increased 5.5% from $123.0 million in the first quarter of fiscal 2024.

*Non-GAAP financial measure. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures” below for more information.

Updated Outlook for the Fiscal Year Ending December 25, 2025:

• Net sales of approximately $4,660 million to $4,800 million
• Comparable store sales of approximately (2.0)% to 1.0%
• Diluted EPS of approximately $1.70 to $2.00
• Adjusted EBITDA* of approximately $520 million to $560 million
• Depreciation and amortization expense of approximately $245 million
• Interest expense, net of approximately $5 million
• Tax rate of approximately 21% to 22%
• Diluted weighted average shares outstanding of approximately 109 million shares
• Open 20 new warehouse stores
• Capital expenditures of approximately $310 million to $360 million

*Non-GAAP financial measure. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures” below for more information.

For the full first quarter results, click here.

About Floor & Decor Holdings, Inc.

Floor & Decor is a multi-channel specialty retailer of hard surface flooring and related accessories and seller of commercial surfaces operating 254 warehouse-format stores and five design studios across 38 states as of March 27, 2025. The Company offers a broad in-stock assortment of laminate and vinyl, tile, wood, and natural stone flooring and installation materials and decorative accessories, as well as adjacent categories, at everyday low prices. The Company was founded in 2000 and is headquartered in Atlanta, Georgia.

Contact:

Wayne Hood – Senior Vice President of Investor Relations – (678) 505-4415 – wayne.hood@flooranddecor.com

Source: Floor & Decor Holdings, Inc.