Floor & Decor Comp Sales Down 0.8% in Q4, Earnings up 28.1%

Atlanta, GA, February 21, 2025-Floor & Decor net sales of $1.11 billion in Q4 2024, a 5.7% increase from Q4 2023’s $1.05 billion. Comparable store sales decreased 0.8%.

Net income for Q4 2024 was $47,484, a 28.1% increase from $37,081 in Q4 2023.

For the fiscal year 2024, net sales were $4.46 billion, a 0.9% increase from fiscal year 2023’s $4.41 billion. Comparable store sales decreased 7.1%.

Net income for fiscal year 2024 was $205,872, a 16.3% decline from $245,980 in the same period the prior year.

Tom Taylor, chief executive officer, stated, “We are extremely proud of our store and store support teams for executing our sales and customer service initiatives and diligently managing our costs during the fourth quarter and full-year. Their hard work enabled us to report fourth quarter comparable store sales, earnings flow-through, and earnings per share that were better-than-expected despite the macroeconomic challenges affecting our category. Our fourth quarter and full-year results demonstrate the resiliency of our business model and the potential earnings power we believe we can unlock over time as industry fundamentals improve.”

“We opened ten stores during the fourth quarter, ending fiscal 2024 operating 251 stores across 38 states. We achieved 30 store openings during fiscal 2024, in line with our previous expectation. In the first half of fiscal 2025, we plan to open seven new stores and intend to open 25 stores in fiscal 2025,” said Taylor.

Reports Truist, “Tariffs remain a focus on FND, but investors should note China is now a 16% run rate of sales while the U.S. is the largest source of supply at 27%.”