Filing Flows › Floor & Decor Holdings (FND) › Q1 2025
Floor & Decor Holdings (FND) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Floor & Decor Holdings (FND) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), +6% from a year earlier and +5% from the quarter before. Operating margin was 5.5%, net earnings $48.9M (4.2% of revenue).
Floor & Decor Holdings, Q1 2025: revenue $1.2B (+6% year over year), operating margin 5.5%, net earnings $48.9M, operating cash flow $71.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +5% | +6% |
| Gross profit | $508M | +6% | +8% |
| Operating profit | $64.2M | +8% | +8% |
| Net earnings | $48.9M | +3% | -2% |
| Operating cash flow | $71.2M | -30% | -52% |
| Free cash flow | $4.4M | +13% | -88% |
What changed
Revenue was $1.2B in Q1 2025, up 6% year over year and up 5% from the previous quarter. Laminate and vinyl was the largest line at 25% of revenue. Laminate and vinyl added $0.02B year over year (up 8%), 33% of the total change. Other declined 26%.
Gross margin was 43.8%, up 0.9 points from a year earlier. Operating profit was $0.06B, a 5.5% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 5% margin then. Operating expenses grew 8% against revenue growth of 6%. Net earnings were $0.05B, down 2% year over year. The effective tax rate was 22.0%.
Operating cash flow was $0.07B (down 52% year over year), 146% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.07B left free cash flow of $4.4M.
Questions
What was Floor & Decor Holdings' revenue in the first quarter 2025?
Floor & Decor Holdings (FND) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), +6% from a year earlier and +5% from the quarter before.
Was Floor & Decor Holdings profitable in the first quarter 2025?
Operating profit was $64.2M (5.5% of revenue) and net earnings $48.9M.