Floor & Decor Showcases Outstanding Q1 2023 Results
May 23, 2023
Trending News ☀️
Floor & Decor ($NYSE:FND) has demonstrated outstanding performance in its Q1 2023 results. The leading home improvement retailer has consistently outperformed expectations over the past quarter, further cementing its position as a prominent presence in the sector. It offers a wide range of quality products, including hardwood, laminate, tile, vinyl, and other floors as well as kitchen and bath décor items. The company’s Q1 2023 performance was marked by increased revenues, higher same-store sales, and strong ecommerce growth. These results demonstrate Floor & Decor’s ability to capitalize on the trend of home improvement and décor projects that has been further accelerated by the pandemic.
The company’s quarterly report also highlighted its increasing focus on customer service, with a notable improvement in customer satisfaction scores and strong customer retention. This provides a solid foundation for further growth, as customers continue to value Floor & Decor’s unique product offering and superior service. Overall, Floor & Decor’s Q1 2023 results prove that the company is well-positioned to capitalize on the growing demand for home improvement and décor products. The company’s robust performance and commitment to customer service ensure that it will continue to deliver outstanding results in the future.
Market Price
On Monday, FLOOR & DECOR released its first quarter 2023 results, demonstrating yet another strong performance. Stock opened at $88.1 and closed at $90.6, a 2.4% increase from its prior closing price of 88.4. This marks the continuation of an impressive streak for the company, which has seen its share price steadily rise since the start of the year. Investors and analysts are eager to see how the company will continue to perform during the rest of 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FND. More…
| Total Revenues | Net Income | Net Margin |
| 4.36k | 298.77 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FND. More…
| Operations | Investing | Financing |
| 366.06 | -493.64 | 100.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FND. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.34k | 2.61k | 16.26 |
Key Ratios Snapshot
Some of the financial key ratios for FND are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.1% | 33.9% | 9.1% |
| FCF Margin | ROE | ROA |
| -3.0% | 14.7% | 5.7% |
Analysis
At GoodWhale, we recently conducted an analysis of FLOOR & DECOR’s wellbeing. We assessed the company’s financial and business risk factors to reach a Risk Rating score. After careful analysis, we determined that FLOOR & DECOR is a medium risk investment. We identified two risk warnings in the balance sheet that are non-financial in nature. If you’d like to further understand these two risk warnings, you can register on our website and check out our analysis. We hope that this information helps you to make an informed decision about your investments. More…
Peers
Floor & Decor Holdings Inc. is one of the leading flooring retailers in the United States. The company offers a wide variety of flooring products and services, including ceramic tile, hardwood, laminate, and stone. Floor & Decor also provides installation services and financing options. The company’s competitors include Victorian Plumbing Group PLC, Lowe’s Companies Inc, and Marks Electrical Group PLC.
– Victorian Plumbing Group PLC ($LSE:VIC)
Victorian Plumbing Group PLC is a United Kingdom-based company, which is engaged in the retail of plumbing and bathroom products. The Company offers a range of over 10,000 products, including baths, toilets, basins, taps, showers, furniture, heating, lighting, and accessories. It offers its products through its website and showroom. The Company operates through two segments: United Kingdom and Europe.
– Lowe’s Companies Inc ($NYSE:LOW)
Lowe’s Companies Inc. is a publicly traded company with a market capitalization of 111.61 billion as of March 2022. The company operates in the home improvement and retail sectors and has a return on equity of -99.39%. Lowe’s Companies Inc. was founded in 1946 and is headquartered in Mooresville, North Carolina. The company operates over 2,200 stores in the United States, Canada, and Mexico. Lowe’s Companies Inc. offers a variety of home improvement products and services, including appliances, tools, hardware, and more.
– Marks Electrical Group PLC ($LSE:MRK)
Marks Electrical Group PLC is a leading provider of electrical products and services in the United Kingdom. The company has a market capitalization of 71.37 million as of 2022 and a return on equity of 27.33%. Marks Electrical Group PLC is a publicly traded company listed on the London Stock Exchange. The company offers a wide range of electrical products and services, including electrical installation, repair, and maintenance services.
Summary
Floor & Decor reported strong first quarter results for 2023, surpassing expectations and continuing its trend of outperformance.
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