Shares of Floor & Decor Holdings (NYSE: FND), a retailer of flooring products, rose sharply at the open on Friday, gaining as much as 13% in morning trading. The big story was the company's second-quarter 2022 earnings release, which hit the market after the close on Thursday.

On the top line, Floor & Decor witnessed a 26.7% year-over-year sales increase. But the retailer has been opening new stores (it opened nine in the second quarter alone), a move that boosts the top line but might not actually be indicative of a strong underlying business.

Which is why the solid 9.2% year-over-year gain in same-store sales was so impressive, given that the company's existing operations appear to be doing just fine.

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Source Fool.com