Floor & Decor Sales Up 19.8% in Q2, Comp Sales Up 3%
Atlanta, GA, August 5, 2019-Floor & Decor reported a net sales increase of 19.8% year over year (YOY) for Q2 2019.
Net income increased 9.4%, compared to the same quarter last year.
Comparable store sales increased 3.0% YOY.
The company opened three new stores and relocated one store during Q2 2019, ending the quarter with 106 warehouse format stores.
Tom Taylor, chief executive officer, stated, “We continue to make excellent progress on the growth initiatives we have planned for fiscal 2019, including our goal of opening 20 new warehouse stores, which would continue our pattern of averaging 20% unit growth over each of the last seven years. In the second quarter, we successfully opened three new warehouse stores, ending the quarter with 106 warehouse stores, up 20.5% from 88 warehouse stores as of the end of the second quarter of 2018. We are particularly pleased with the early performance of our class of 2019 stores as their results further reinforce our new store potential.”