Floor & Decor (Atlanta) reported net sales of $1,107.4 million in the fourth quarter of 2024, a increase of 5.7% from the fourth quarter of 2023. Net income during the quarter was $47.5 million, a increase of 28.1% from the same quarter in 2023.
Comparable store sales during the quarter decreased 0.8%. The company opened 10 warehouse stores during the quarter, bringing it to a total of with 251 warehouse stores and five design studios.
The company had diluted earnings per share of $0.44 during the quarter.
“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,” CEO Tom Taylor said in a statement. “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.”
The full report from Floor & Decor can be found here.
