Floor & Decor(FND) - 2024 Q4 - Annual Results

Financial Performance - Net sales for Q4 fiscal 2024 were $1,107.4 million, a 5.7% increase from $1,048.1 million in Q4 fiscal 2023[7] - Operating income for Q4 fiscal 2024 was $59.2 million, up 28.3% from $46.2 million in Q4 fiscal 2023[7] - Net income for Q4 fiscal 2024 increased by 28.1% to $47.5 million from $37.1 million in Q4 fiscal 2023[7] - Diluted earnings per share (EPS) for Q4 fiscal 2024 was $0.44, a 29.4% increase from $0.34 in Q4 fiscal 2023[7] - Adjusted EBITDA for Q4 fiscal 2024 was $119.8 million, an 11.1% increase from $107.8 million in Q4 fiscal 2023[7] - Net income for the fiscal year ended December 26, 2024, was $205,872, a decrease of 16.3% compared to $245,980 for the previous year[22] - Adjusted EBITDA for the fiscal year was $512,504, a decline of 7% from $551,133 in the previous year[23] Store Expansion - The company opened 10 new warehouse stores in Q4 fiscal 2024, bringing the total to 251 stores[3] - The company plans to open 25 new warehouse stores in fiscal 2025[12] Financial Guidance - For fiscal 2025, the company expects net sales between $4,740 million and $4,900 million[12] - Fiscal 2025 guidance includes diluted EPS projected between $1.80 and $2.10[12] Assets and Liabilities - Total assets increased to $5,050,478, up from $4,662,550, representing a growth of 8.3% year-over-year[20] - Total stockholders' equity rose to $2,170,158, an increase of 12.4% from $1,930,990[20] - Cash and cash equivalents at the end of the period increased to $187,669, compared to $34,382 at the end of the previous year[22] - Trade accounts payable increased to $794,855, up 16.9% from $679,265[20] - Total current liabilities rose to $1,244,192, an increase of 8% from $1,152,013[20] Expenses and Challenges - The company reported a depreciation and amortization expense of $232,473, up from $201,869, reflecting a 15.1% increase[22] - The company anticipates challenges in managing new store growth and potential impacts from economic conditions, including inflation and interest rates[28] Investor Relations - Investor Relations contacts include Wayne Hood and Matt McConnell, with direct phone numbers provided for inquiries[30]