Floor & Decor(US:FND)2025-10-30 20:10Financial Performance - Net sales for Q3 fiscal 2025 were $1,179.5 million, a 5.5% increase from $1,117.9 million in Q3 fiscal 2024[6] - Diluted EPS for Q3 fiscal 2025 was $0.53, a 10.4% increase from $0.48 in the same period last year[2] - Operating income for Q3 fiscal 2025 was $72.0 million, an 8.6% increase from $66.3 million in Q3 fiscal 2024[6] - Net income for Q3 fiscal 2025 was $57.3 million, a 10.8% increase from $51.7 million in Q3 fiscal 2024[6] - Net income for the thirty-nine weeks ended September 25, 2025, was $169,316 thousand, compared to $158,388 thousand for the same period in 2024, reflecting an increase of about 6.5%[21] - Adjusted EBITDA for Q3 fiscal 2025 was $138.8 million, a 4.4% increase from $132.9 million in Q3 fiscal 2024[6] - Adjusted EBITDA for the thirty-nine weeks ended September 25, 2025, reached $418,738 thousand, up from $392,752 thousand in the prior year, indicating a growth of approximately 6.6%[22] Store Expansion - The company opened five new warehouse stores in Q3 fiscal 2025, bringing the total to 262 stores[2] - The company plans to open 20 new warehouse stores in fiscal 2025[11] Sales Expectations - Comparable store sales decreased by 1.2% in Q3 fiscal 2025[6] - The company anticipates comparable store sales to decline by approximately 2.0% to 1.0% for the fiscal year[11] Assets and Liabilities - Total assets increased to $5,520,755 thousand as of September 25, 2025, up from $5,050,478 thousand on December 26, 2024, representing a growth of approximately 9.3%[19] - Total current liabilities slightly increased to $1,255,161 thousand as of September 25, 2025, compared to $1,244,192 thousand on December 26, 2024, showing a marginal increase of about 0.9%[19] - Fixed assets, net, increased to $1,853,156 thousand as of September 25, 2025, compared to $1,786,587 thousand on December 26, 2024, reflecting a growth of about 3.7%[19] - The company’s retained earnings rose to $1,791,589 thousand as of September 25, 2025, up from $1,622,273 thousand at the end of the previous year, indicating an increase of approximately 10.4%[19] - The company experienced a decrease in inventories, net, to $1,164,161 thousand as of September 25, 2025, from $1,132,599 thousand on December 26, 2024, a decrease of about 2.8%[19] Cash Flow - Cash and cash equivalents at the end of the period were $204,484 thousand, an increase from $180,771 thousand at the end of the same period last year, marking a rise of about 13.1%[21] - The company reported a net cash provided by operating activities of $257,768 thousand for the thirty-nine weeks ended September 25, 2025, down from $501,768 thousand in the previous year, a decrease of approximately 48.7%[21] Future Outlook - For the fiscal year ending December 25, 2025, the company expects net sales of approximately $4,660 million to $4,710 million[11] - The company anticipates continued growth and expansion, with plans to manage new store growth and address potential challenges in the market[24]