Floor & Decor Holdings, Inc. Announces Long-Term Financial Targets and Strategic Priorities
Firm to Host its 2022 Analyst Meeting Right now at 8:30am Eastern Time
ATLANTA, March 16, 2022–(Small business WIRE)–Ground & Decor Holdings, Inc. (NYSE: FND) (“We,” “Our,” the “Organization,” or “Flooring & Decor”) will host its 2022 Trader meeting currently, Wednesday, March 16, 2022 starting off at 8:30 a.m. Eastern Time. In conjunction with the event, the firm is announcing its long-expression economic targets and strategic priorities as a result of fiscal 2024.
Tom Taylor, Main Government Officer, mentioned, “We just concluded our most profitable 12 months on file in 2021, and we are very very pleased of what we have attained above the final decade, but we continue to consider our very best days are nevertheless in the potential. I would like to thank our approximately 11,000 Floor & Decor associates serving just about every other and our shoppers each individual day as none of this would be feasible without their perseverance. We have created thoughtful and significant investments yr soon after calendar year to regularly differentiate our retail and industrial hard surface area flooring styles and our shoppers are gratifying us with ongoing revenue and industry share expansion. We have robust momentum in the small business in the initially quarter of 2022, and we seem ahead to discussing our strategies and economic strategies for the subsequent three years.”
Strategic Priorities and Extensive-Time period Money Targets. As section of today’s webcast, Floor & Decor’s management group will outline their strategic priorities and extensive-term fiscal targets. These approximated development charge targets depict extensive-time period yearly targets in excess of fiscal 2022 to fiscal 2024. General performance in any particular person yr might be reduced or increased than these targets. Administration will supply insights on these extended-expression economic targets at today’s occasion.
Webcast Information
The Enterprise will keep a webcast occasion with a live Q&A session right now, Wednesday, March 16, 2022 at 8:30 a.m. ET. The occasion is expected to conclude by 12:00 p.m. ET. A dwell audio webcast of the event, together with connected materials, will be available online at ir.flooranddecor.com.
A recorded replay of the convention connect with is envisioned to be available inside of two hrs of the conclusion of the phone and can be accessed equally on line at ir.flooranddecor.com and by dialing 844-512-2921 (intercontinental callers remember to dial 412-317-6671). The pin selection to obtain the telephone replay is 13727342. The replay will be out there until March 3, 2023.
About Ground & Decor Holdings, Inc.
Flooring & Decor is a multi-channel specialty retailer and professional flooring distributor, working 160 warehouse-format stores and two design studios across 33 states as of December 30, 2021. The Firm offers a wide assortment of in-stock difficult-surface area flooring, including tile, wooden, laminate, vinyl, and all-natural stone, alongside with decorative components and wall tile, set up components, and adjacent types at every day lower price ranges. The Enterprise was founded in 2000 and is headquartered in Atlanta, Ga.
Ahead-Seeking Statements
This release and the affiliated webcast/convention get in touch with comprise ahead-on the lookout statements inside the that means of the federal securities rules. All statements other than statements of historic truth contained in this launch, which includes statements with regards to the Company’s long run functioning results and fiscal situation, expectations similar to our growth as a result of the acquisition of Spartan Surfaces, Inc. (“Spartan”), company tactic and plans, goals of management for future operations, and the affect of the coronavirus (COVID-19) pandemic, are ahead-looking statements. These statements are centered on our existing expectations, assumptions, estimates and projections. These statements require regarded and mysterious dangers, uncertainties and other significant variables that may possibly result in the Company’s true success, effectiveness or achievements to be materially distinct from any potential results, general performance or achievements expressed or implied by the forward-hunting statements. Ahead-searching statements are primarily based on management’s current expectations and assumptions relating to the Company’s small business, the economic climate and other foreseeable future situations, together with the impact of the COVID-19 pandemic.
In some circumstances, you can identify ahead-seeking statements by conditions these kinds of as “could,” “will,” “must,” “expects,” “ideas,” “anticipates,” “could,” “seeks,” “intends,” “concentrate on,” “jobs,” “contemplates,” “believes,” “estimates,” “predicts,” “spending plan,” “opportunity,” “targeted on” or “continue on” or the damaging of these terms or other related expressions. The forward-hunting statements contained in this release are only predictions. Even though the Company believes that the expectations reflected in the ahead-on the lookout statements in this launch are fair, the Enterprise are unable to assure upcoming gatherings, success, efficiency or achievements. A selection of critical components could induce precise results to differ materially from those people indicated by the forward-wanting statements in this launch or the involved webcast/convention get in touch with, such as, without limitation, (1) an general drop in the health and fitness of the economy, the really hard area flooring marketplace, purchaser assurance and spending and the housing market, including as a result of rising inflation or desire costs, the COVID-19 pandemic or geopolitical factors these as the conflict amongst Russia and Ukraine, (2) an economic economic downturn or despair, (3) worldwide inflationary pressures on uncooked supplies could lead to our vendors to find even more rate increases on the solutions we provide, (4) our failure to successfully foresee shopper choices and need, (5) our lack of ability to take care of our progress, (6) our inability to take care of fees and risks relating to new retailer openings, (7) our incapability to uncover out there places for our merchants on phrases satisfactory to us, (8) any disruption in our distribution capabilities, like from problems working our distribution centers, (9) any disruption in our provide chain, like carrier capacity constraints, increased delivery price ranges and other source chain costs or product shortages, (10) our failure to execute our company system proficiently and provide price to our consumers, (11) our incapacity to discover, educate and retain critical personnel, (12) the resignation, incapacitation or demise of any critical staff, (13) the incapability to staff members our retailers and distribution facilities sufficiently, which include for causes because of to the COVID-19 pandemic and other impacts of the COVID-19 pandemic, (14) a pandemic, such as COVID-19, or other organic disaster or unforeseen celebration, and its impacts on our suppliers, prospects, employees, creditors, operations, such as our means to work our distribution facilities and stores or on the credit history markets or our potential economic and functioning results, (15) our dependence on international imports for the products and solutions we offer, which could involve the affect of tariffs and other duties, (16) geopolitical risks, such as the conflict among Russia and Ukraine, that affect our capacity to import from overseas suppliers or in any other case disrupt our supply chain, (17) any restrictions, polices, blocks or adjustments in the use of “cookie” tracking technologies could result in cookies to turn into much less reputable or acceptable as a signifies of monitoring shopper behavior, which could trigger the total of accuracy of internet person details we accumulate to lessen, which could damage our enterprise and running benefits, (18) violations of legislation and rules applicable to us or our suppliers, (19) our failure to adequately defend versus safety breaches involving our details technologies systems and client facts, (20) suppliers may offer similar or equivalent solutions to our rivals, (21) competitiveness from other shops and net-based opposition, (22) boosts in commodity, content, transportation and electrical power charges, like the effects these boosts could have on the price tag of products marketed, (23) effect of obtained firms, which include Spartan, (24) our incapability to handle our inventory obsolescence, shrinkage and injury, (25) our lack of ability to sustain enough stages of money flow or liquidity to satisfy growth anticipations, (26) our inability to attain goods on a timely foundation at price ranges suitable to us and (27) limits imposed by our indebtedness on our recent and future operations. Further info about these and other things are explained in “Forward-Wanting Statements,” Merchandise 1, “Organization” and Product 1A, “Risk Things” of Section I and Item 7, “Management’s Dialogue and Investigation of Financial Ailment and Results of Operations” and Item 9A, “Controls and Methods” of Element II of the Company’s Once-a-year Report for fiscal 2021 filed with the Securities and Trade Fee (the “SEC”) on February 24, 2022 (the “Annual Report”) and in other places in the Yearly Report, and those described in the Company’s other filings with the SEC.
Due to the fact ahead-seeking statements are inherently subject matter to pitfalls and uncertainties, some of which cannot be predicted or quantified, you really should not depend on these ahead-wanting statements as predictions of long term functions. The forward-looking statements contained in this launch or the affiliated webcast/conference contact speak only as of the date hereof. New risks and uncertainties crop up about time, and it is not feasible for the Enterprise to predict those people events or how they could affect the Firm. If a alter to the situations and conditions mirrored in the Company’s forward-hunting statements occurs, the Company’s business, economic situation and operating results may perhaps change materially from those expressed in the Company’s ahead-hunting statements. Besides as essential by relevant regulation, the Corporation does not strategy to publicly update or revise any forward-looking statements contained herein or in the associated webcast/conference contact, regardless of whether as a outcome of any new facts, long run events or usually.
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Contacts
Investor Contacts:
Wayne Hood
Vice President of Investor Relations
678-505-4415
[email protected]
or
Matt McConnell
Senior Supervisor of Trader Relations
770-257-1374
[email protected]