The Atlanta, Georgia-based retailer also announced that Melissa Kersey has been nominated for election to serve on Floor & Decor’s Board of Directors. The vote will take place at the company’s stockholders meeting on May 10.
Kersey is the executive vice president and chief human resources officer at Tractor Supply Company. Before joining Tractor Supply in June 2020, she served as senior vice president and chief people officer for McDonald’s USA.
Kersey has also held executive roles with Walmart.
“Melissa brings to Floor & Decor executive-level experience from Walmart, Inc, McDonald’s USA, and, most recently, Tractor Supply Company,” Norman Axelrod, Floor & Decor’s Chairman, said. “Her deep expertise and experience in leadership development, diversity and inclusion, organizational effectiveness, and employee engagement will be invaluable to our Board as Floor & Decor continues to grow.”
The Bottom Line: Profits at Floor & Decor jump nearly 40% in the fourth quarter as sales move ahead nearly 15%.
What the CEO said: “We are pleased to deliver better-than-expected fiscal 2022 fourth-quarter earnings and proud to report 14 consecutive years of comparable store sales growth, a significant accomplishment considering current macroeconomic challenges,” said Tom Taylor, CEO of Floor & Decor. “We continued to grow our market share by remaining agile, focusing on executing our key growth strategies, and continuing to invest in initiatives that further widened our competitive moat.”
Taylor also noted that Floor & Decor has a presence in the top 25 metro markets and plans to open another 32 to 35 stores in 2023.
Company info:Click here to read the full fourth quarter and year-end 2022 financial report from Floor & Decor.