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Breaking Flooring NewsResidential Flooring

Floor & Decor Reports 0.9% Increase in Q3

By FLOOR Trends & Installation Editors
floor & decor
November 2, 2023

Floor & Decor Holdings reported net sales increased 0.9% to $1,107.8 million for the third quarter of fiscal 2023, which ended September 28, 2023, up from $1,097.8 million in the third quarter of fiscal 2022. Comparable store sales decreased 9.3%. The retailer opened five new warehouse stores and closed one warehouse store, ending the quarter with 207 warehouse stores and five design studios.

Tom Taylor, Chief Executive Officer, stated: "Our fiscal 2023 third-quarter results are a testament to our company’s agility and unwavering commitment to executing our key growth and customer engagement strategies at an exceptional level. We remain focused on continuing to grow our market share by capitalizing on our everyday low prices and value-driven options, trend-right product assortments, in-stock job lot quantities, and the exceptional customer service provided by our store associates. We believe that our execution and new warehouse store openings will position us for accelerating sales and earnings growth when industry growth returns.”



KEYWORDS: financial insights flooring retailers

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