Earnings release
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May 6 , 2021 FLOOR & Floor & Decor Holdings , Inc. Announces First Quarter Fiscal 2021 Financial Results • Net sales increased 41.0 % from the first quarter of fiscal 2020 to $ 782.5 million . • Comparable store sales increased 31.1 % from the first quarter of fiscal 2020 . • Diluted earnings per share ( “ EPS ” ) increased 102.9 % to $ 0.71 from $ 0.35 in the first quarter of fiscal 2020 ; Adjusted diluted EPS * increased 100.0 % to $ 0.68 from $ 0.34 in the first quarter of fiscal 2020 . ATLANTA -- ( BUSINESS WIRE ) -- Floor & Decor Holdings , Inc. ( NYSE : FND ) ( “ We , " " Our , " the " Company , " or " Floor & Decor " ) announces its financial results for the first quarter of fiscal 2021 , which ended April 1 , 2021 . Ⓡ Tom Taylor , Chief Executive Officer , stated , " We could not be more pleased with our first quarter earnings results , which are supported by the favorable macro - economic environment and Floor & Decor's strong execution . Our first quarter comparable store sales increased 31.1 % and reflected robust sales momentum across all our merchandise categories and geographic regions . The broad - based strength in our merchandise categories is an acceleration of the strong trends from the second half of 2020 and further validates our position as the one - stop solution for all of our homeowners ' and Pros ' hard - surface flooring needs . We are continuing to successfully deliver on our differentiated strategy of offering the broadest in - stock and trend - forward assortment in every category . " Mr. Taylor continued , " We successfully opened a first quarter record seven new warehouse stores , more than double the three new warehouse stores we opened in the first quarter of fiscal 2020. For the full year , we still expect to open 27 new warehouse stores , an increase of 20.3 % from 2020. We are pleased with the sales performance among all our store vintages with many stores experiencing record weekly sales in the first quarter of fiscal 2021. Our strong fiscal 2021 first quarter sales and profit results serve to reinforce our belief in the strength of the new store classes of 2020 and 2021. " Please see " Comparable Store Sales " below for information on how the Company calculates its comparable store sales growth . For the Thirteen Weeks Ended April 1 , 2021 • Net sales increased 41.0 % to $ 782.5 million from $ 554.9 million in the first quarter of fiscal 2020 . Comparable store sales increased 31.1 % . • The Company opened seven new warehouse - format stores during the first quarter of fiscal 2021 , ending the quarter with 140 warehouse - format stores and two design studios . • Operating income increased 105.6 % to $ 95.9 million from $ 46.7 million in the first quarter of fiscal 2020. Operating margin increased 390 basis points to 12.3 % .