Floor & Decor(US:FND)2025-10-30 20:18Financial Performance - Net sales for the thirteen weeks ended September 25, 2025, were $1,179,527, an increase of 5.5% compared to $1,117,926 for the same period in 2024[17] - Gross profit for the thirty-nine weeks ended September 25, 2025, was $1,552,812, representing a 7.3% increase from $1,446,930 in the prior year[17] - Operating income for the thirteen weeks ended September 25, 2025, was $72,017, up 8.1% from $66,317 in the same period last year[17] - Net income for the thirty-nine weeks ended September 25, 2025, was $169,316, compared to $158,388 for the same period in 2024, reflecting a growth of 6.1%[17] - Basic earnings per share for the thirteen weeks ended September 25, 2025, were $0.53, an increase from $0.48 in the prior year[17] - Total net sales for the thirteen weeks ended September 25, 2025, were $1,179.5 million, an increase from $1,117.9 million for the same period in 2024, representing a growth of 5.5%[40] - For the thirty-nine weeks ended September 25, 2025, consolidated net sales reached $3,554.4 million, compared to $3,348.4 million for the same period in 2024[78] - The company reported an operating income of $218.1 million for the thirty-nine weeks ended September 25, 2025, compared to $197.0 million for the same period in 2024[78] Assets and Liabilities - Total assets as of September 25, 2025, were $5,520,755, up from $5,050,478 as of December 26, 2024, indicating a growth of 9.3%[15] - Total liabilities increased to $3,158,605 as of September 25, 2025, compared to $2,880,320 at the end of the previous fiscal year[15] - The company reported a total stockholders' equity of $2,362,150 as of September 25, 2025, up from $2,170,158 in December 2024, reflecting an increase of 8.8%[15] - The company’s total liabilities decreased from $1.820 billion in 2024 to $1.800 billion in 2025, reflecting a reduction of approximately 1.1%[23] - Long-term debt as of September 25, 2025, was $194.2 million, slightly decreased from $194.5 million as of December 26, 2024[41] Cash Flow and Investments - Cash and cash equivalents at the end of the period were $204.484 million, compared to $180.771 million at the end of the previous year, indicating an increase of approximately 13.1%[26] - The net cash provided by operating activities for the thirty-nine weeks ended September 25, 2025, was $257.768 million, significantly lower than $501.768 million for the same period in 2024, a decrease of approximately 48.7%[26] - The company reported a net cash used in investing activities of $238.839 million for the thirty-nine weeks ended September 25, 2025, compared to $349.360 million in the same period of 2024, a decrease of about 31.6%[26] Expenses and Costs - The company reported stock-based compensation expense of $22.372 million for the thirty-nine weeks ended September 25, 2025, down from $25.618 million in the same period of 2024, a decrease of about 12.3%[26] - Depreciation and amortization expenses were $180.492 million for the thirty-nine weeks ended September 25, 2025, compared to $172.690 million for the same period in 2024, an increase of approximately 4.5%[26] - Total operating lease costs for the thirty-nine weeks ended September 25, 2025, were $256.39 million, compared to $221.62 million for the same period in 2024, marking an increase of 15.7%[54] - Total interest expense for the thirteen weeks ended September 25, 2025, was $2.4 million, compared to $2.8 million for the same period in 2024[42] Future Outlook and Challenges - The company anticipates continued challenges in managing new store growth and competition, which may impact future performance[11] - The company is focused on enhancing brand image and managing consumer preferences to drive future sales growth[11] - The Company is currently evaluating the impact of ASU No. 2025-06 on its consolidated financial statements and related disclosures[35] Stock and Equity - The company reported a total stockholders' equity of $2,362 billion as of September 25, 2025, up from $2.111 billion as of September 26, 2024, reflecting a growth of about 11.9%[23] - The Company had 1,012,010 stock options outstanding as of September 25, 2025, with a weighted average exercise price of $31.79[62] Legal and Settlement - The Company recognized a liability for a settlement amount related to a lawsuit, which was fully covered by insurance, resulting in no loss recognized[59]