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