![]() Adjusted diluted EPS* was $0.64 compared to $0.44 in the fourth quarter of fiscal 2021, an increase of 45.5%.Īdjusted EBITDA* increased 42.0% to $143.1 million compared to $100.8 million in the fourth quarter of fiscal 2021.įor the Fiscal Year Ended December 29, 2022 Diluted EPS was $0.64 compared to $0.46 in the fourth quarter of fiscal 2021, an increase of 39.1%.Īdjusted net income* increased 46.2% to $68.9 million compared to $47.1 million in the fourth quarter of fiscal 2021. Net income increased 38.8% to $69.2 million compared to $49.9 million in the fourth quarter of fiscal 2021. Operating margin increased 230 basis points to 9.0%. Operating income increased 55.1% to $94.7 million from $61.1 million in the fourth quarter of fiscal 2021. We opened 13 new warehouse stores during the fourth quarter of fiscal 2022, ending the quarter with 191 warehouse stores and six design studios. Net sales increased 14.6% to $1,048.1 million from $914.3 million in the fourth quarter of fiscal 2021. We remain on plan to open 32 to 35 warehouse stores in 2023.”įor the Fiscal Quarter Ended December 29, 2022 We ended the year operating 191 warehouse stores and six design studios across 36 states and have a presence in the top 25 United States metropolitan statistical areas. Taylor continued, “We opened 13 new warehouse-format stores in the fourth quarter of fiscal 2022, achieving our goal of opening 32 warehouses in fiscal 2022. As we move into 2023, we seek to manage our stores in a way that reflects the current economic environment.” I want to express my deepest appreciation to all our associates and vendor partners for their invaluable contributions to our financial success in 2022. We continued to grow our market share by remaining agile, focusing on executing our key growth strategies, and continuing to invest in initiatives that further widened our competitive moat. Tom Taylor, Chief Executive Officer, stated, “We are pleased to deliver better-than-expected fiscal 2022 fourth-quarter earnings and proud to report 14 consecutive years of comparable store sales growth, a significant accomplishment considering current macroeconomic challenges. (NYSE: FND) (“We,” “Our,” the “Company,” or “Floor & Decor”) announces its financial results for the fourth quarter and fiscal year ended December 29, 2022. Diluted earnings per share (“EPS”) increased 39.1% to $0.64 from $0.46 in the fourth quarter of fiscal 2021 adjusted diluted EPS* increased 45.5% to $0.64 from $0.44 in the fourth quarter of fiscal 2021.įloor & Decor Holdings, Inc.Comparable store sales increased 2.5% from the fourth quarter of fiscal 2021.Net sales increased 14.6% from the fourth quarter of fiscal 2021 to $1,048.1 million.Highlights for the Fourth Quarter of Fiscal 2022:
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