10-K · February 19, 2026
Floor & Decor describes a differentiated, multi-channel specialty retail model centered on a broad in-stock assortment, everyday low prices, and Pro/homeowner channels, operating 270 warehouse-format stores as of Dec…
Earnings analysis · 10-Q
FND earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Floor & Decor Holdings, Inc. reported Q1 2026 results showing a 0.7% decline in revenue year-over-year at $1.15 billion and a diluted EPS of $0.37, down 17.8% from the prior year. The company faced challenges due to…
Read full summary
Floor & Decor Holdings, Inc. reported Q1 2026 results showing a 0.7% decline in revenue year-over-year at $1.15 billion and a diluted EPS of $0.37, down 17.8% from the prior year. The company faced challenges due to declining comparable store sales and increased operating expenses despite opening six new stores.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.37
What stood out
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Revenue Decline
Net sales decreased 0.7% to $1,152.3 million from $1,160.7 million YOY.
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Significant EPS Drop
Diluted EPS fell to $0.37, down 17.8% from $0.45 in the prior year.
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Improved Operating Cash Flow
Net cash provided by operating activities increased to $109.2 million, up from $71.2 million in the same quarter last year.
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Interest Expense Reduction
Interest expense decreased by 26.8% to $1.1 million compared to $1.5 million in the prior year.
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New Store Openings
The company opened six new warehouse-format stores, increasing total to 276.
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Gross Margin Improvement
Gross margin increased to 44.0%, up from 43.8% in the same period last year.
What to watch
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Declining Comparable Store Sales
Comparable store sales dropped 3.7%, significantly impacting revenue.
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Macroeconomic Headwinds
Challenges due to low existing home sales and high mortgage rates affecting demand.
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Increased Costs from Tariffs
Higher inventory costs due to tariffs could pressure profitability.
Management's outlook
Fiscal 2026 includes a 53rd week contributing approximately $65 million to revenue.
Earlier filings 4
10-Q · May 1, 2025
Floor & Decor reported Q1 net sales of $1,160,740,000 (up $63,451,000 or ~5.8% vs Q1 prior-year $1,097,289,000) with gross margin expanding to 43.8% and operating income of $64,229,000 (operating margin 5.5%). GAAP…
10-K · February 20, 2025
Floor & Decor reported fiscal 2024 net sales of $4,455,770,000 (up 0.9% vs. FY2023) with gross margin expanding to 43.3% and Adjusted EBITDA of $512,504,000. However, comparable store sales declined (7.1%) and net…
10-Q · May 2, 2024
Floor & Decor reported Q1 net sales of $1,097,289 (down $24,763 or -2.2% vs $1,122,052 a year ago) and diluted EPS of $0.46 (down $0.20 or -30.3% vs $0.66). Gross margin expanded to 42.85% (+103 bps) but operating…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.