Floor & Decor (Atlanta) reported a net income of $57 million in the fourth quarter of 2020, a 61.7% surge compared with the same period last year. Net sales jumped 37.3% during the quarter to $723.7 million.
The company opened five new warehouse stores during the quarter, bringing its total number of warehouse stores to 133 and two design studios in 31 states.
The company has big plans for fiscal 2021, according to CEO Tom Taylor, including 27 additional warehouse stores, a 20.3% increase from 2020.
The full report can be found here.
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