By Roshan Fernandez

Floor & Decor cut its planned number of new store openings to 20 from 25 for the fiscal year due to the uncertain macroeconomic environment.

The floor retailer's chief executive, Tom Taylor, said the company managed a tariff increase in 2018 and 2019 by pursuing strategies to grow its market share and protect profitability. It intends to deploy a similar plan once more.

The Atlanta company currently operates 254 warehouse-format stores and five design studios.

Floor & Decor on Thursday reported a first-quarter profit of $48.9 million, or 45 cents a share, compared with $50 million, or 46 cents a share, a year earlier.

Revenue grew 5.8%, to $1.16 billion, compared with a year earlier, on par with analysts' expectations.

The company lowered its revenue outlook for the full year, now anticipating between $4.66 billion and $4.8 billion. It had previously expected between $4.74 billion and $4.9 billion.

The company also said its full-year same-store sales would be between a 2% loss and 1% gain. It had previously projected 3% growth.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(END) Dow Jones Newswires

May 01, 2025 18:04 ET (22:04 GMT)

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