Floor & Decor Holdings (FND) Tops Q2 EPS by 3c

Floor & Decor Holdings (NYSE: FND) reported Q2 EPS of $0.76, $0.03 better than the analyst estimate of $0.73. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.07 billion.

GUIDANCE:

Floor & Decor Holdings sees FY2022 EPS of $2.65-$2.80, versus the consensus of $2.82. Floor & Decor Holdings sees FY2022 revenue of $4.29-4.33 billion, versus the consensus of $4.32 billion.

Updated Outlook for the Fiscal Year Ending December 29, 2022:

• Net sales of approximately $4,290 to $4,330 million
• Comparable store sales growth of approximately 10% to 11%
• Diluted EPS to be in the range of $2.65 to $2.80
• Adjusted EBITDA in the range of $565 million to $580 million
• Depreciation and amortization expense of approximately $153 million
• Interest expense, net of approximately $9.5 million
• Tax rate of approximately 24%, excluding tax benefits resulting from stock option exercises and the vesting of restricted stock and restricted stock units
• Diluted weighted average shares outstanding of approximately 107.5 million shares
• Open 32 new warehouse-format stores and four small design studios
• Capital expenditures in the range of approximately $480 million to $500 million

For earnings history and earnings-related data on Floor & Decor Holdings (FND) click here.

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