Floor & Decor reported record financial results for the third quarter of fiscal 2021, which ended September 30, 2021.

Chief Executive Officer Tom Taylor stated: “We are very pleased with our fiscal 2021 third-quarter and year-to-date financial results. These strong results reflect the steadfast efforts of our associates to serve our customers every day during their purchase journey. We continue to benefit from our unique business model that offers broad, innovative trend-forward assortments in project-ready quantities, which enable our pro and homeowner customers to choose from multiple options to complete their projects on time. These benefits have been particularly important as disruptions in the global supply chain have created uncertainty in product lead times and rising costs. Our merchandising and supply chain teams, along with our vendor partners, have done a great job successfully managing these by leveraging our diverse countries of origin and our long-term relationships with outstanding vendor and supply chain partners.”

Year-to-date the company has opened 20 new warehouse stores, bringing the total to 153 warehouse stores operating in 33 states. Taylor said the company intends to open seven new warehouse stores in the fourth quarter of fiscal 2021. 

"As a result, we expect to open 27 new warehouse stores in fiscal 2021, representing 20.3% growth from fiscal 2020," he said. "Our strong year-to-date results continue to reinforce our belief that the new store classes of 2020 and 2021 will likely represent the most robust first-year sales and profit classes in our history.”

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