Floor & Décor Comp. Sales Up 31.1% YOY in Q1, Income Up 104.5%
Atlanta, GA, May 7, 2021-Floor & Décor reports that Q1 2021 net sales increased 41.0% to $782.5 million from $554.9 million in Q1 2020. Comparable store sales increased 31.1%.
Net income increased 104.5% to $75.8 million in Q1 2021 compared to $37.1 million in Q1 2020.
The company opened seven new warehouse-format stores during the first quarter of fiscal 2021, ending the quarter with 140 warehouse-format stores and two design studios.
Tom Taylor, chief executive officer, stated, “Our first quarter comparable store sales increased 31.1% and reflected robust sales momentum across all our merchandise categories and geographic regions. The broad-based strength in our merchandise categories is an acceleration of the strong trends from the second half of 2020...”