Floor & Decor Holdings, Inc. FND announced its debut in Warwick, RI with a warehouse store and design center.
Located at 300 Quaker Lane, the new store will house a team of approximately 50 full-time and part-time associates led by the store’s chief executive merchant. The opening of the store will be celebrated by a ribbon-cutting ceremony on Aug 29, 2024, with the Chamber of Commerce of Central Rhode Island.
The Warwick store will give away a $5,000 Floor Makeover and a VIP ticket package to Providence College Men’s Basketball Home Opener as part of its opening festivities. Also, it will host a family-friendly "Best In Town" event and Million Dollar Dice Roll on Aug 31. The company will be hosting a special Pro Industry Networking Event on Sep 12 to welcome its PRO network to the new warehouse location.
To promote the store opening, FND will partner with Smell D Roses, Cafe Tempo Coffee House, Sugar Mama’s Sweets and Treats, and Jack’s Snacks, A Dog Bakery.
Encouraging Footprint Expansion Initiatives
Floor & Decor indulges in profitable investments to process its expansion strategies primarily through improvements in existing stores and opening new stores. By expanding its footprint and product portfolio, the company can reach out to new communities and accelerate its growth momentum.
As of the first six months of fiscal 2024, the company opened nine new warehouse stores, bringing the quarter-end count to 230 warehouse stores and five design studios. It aims to open 30 new warehouse stores in 2024 and 25 new warehouse stores in 2025. The company’s long-term goal is to operate 500 warehouse stores in the United States. It is well-positioned to achieve this target and is strategically making investments to foster the expansion trend.
Floor & Decor Holdings, Inc. Price
Floor & Decor Holdings, Inc. price | Floor & Decor Holdings, Inc. Quote
Shares of this specialty retailer of hard surface flooring and related accessories have gained 15% in the past year against the Zacks Building Products - Wood industry’s 0.3% decline.
Zacks Rank & Stocks to Consider
Floor & Decor currently carries a Zacks Rank #5 (Strong Sell).
Here are some better-ranked stocks from the Construction sector.
Comfort Systems USA, Inc. FIX currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FIX delivered a trailing four-quarter earnings surprise of 20.6%, on average. The stock has risen 89.7% in the past year. The Zacks Consensus Estimate for FIX’s 2024 sales and earnings per share (EPS) indicates growth of 29.4% and 50.9%, respectively, from the prior-year levels.
Century Communities, Inc. CCS currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 35.6%, on average. Shares of CCS have gained 43.2% in the past year.
The consensus estimate for CCS’s 2024 sales and EPS implies increases of 17.9% and 31.5%, respectively, from the prior-year levels.
Howmet Aerospace Inc. HWM presently sports a Zacks Rank of 1. HWM delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 102.4% in the past year.
The Zacks Consensus Estimate for HWM’s 2024 sales and EPS indicates increases of 12.6% and 39.1%, respectively, from a year ago.
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Century Communities, Inc. (CCS) : Free Stock Analysis Report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
Floor & Decor Holdings, Inc. (FND) : Free Stock Analysis Report
Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report
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