Floor & Décor ended the year with a round of new store openings.
The specialty hard-surface flooring retailer unveiled seven new locations in December. The openings are in line with Floor & Décor’s plan to open a total of 32 stores in fiscal 2023. The new locations include the company’s 11th outpost in the Dallas/Ft. Worth area, in Mansfield, Tex.
The other openings include:
•Port Chester, N.Y. (Floor & Décor’s 13th store in the New York City metropolitan area.
•Springfield, N.J. (12th store in New York City metro area)
• Shrewsbury, Mass. (7th store in the Boston area);
•Allentown, Pa. (6th store in the Philadelphia area);
•Manassas, Va. (7th store in the DMC metro area); and
•Mobile, Ala. (4th store in Alabama).
Founded in 2000, Atlanta-based Floor & Decor operates more than 200 warehouse-format stores and five design studios across 36 states. Stores offer a wide in-stock selection of tile, natural wood, natural stone, laminate and luxury vinyl plank, along with free design services.
In addition, the merchandise mix features tools, decorative materials, wall tile and related accessories for hard-surface flooring projects
In 2022, Floor & Decor’s net sales increased 24.2% to $4.264 billion from $3.433 billion in fiscal 2021. Comparable store sales increased 9.2%. Net income increased 5.3% to $298.2 million. Earnings per share were $2.78 compared to $2.64 in fiscal 2021.