Floor & Decor (NYSE:FND) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Floor & Decor (NYSE:FND) issued its quarterly earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05), Zacks reports. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. Floor & Decor updated its FY 2026 guidance to 1.830-2.080 EPS.

Here are the key takeaways from Floor & Decor’s conference call:

• The board authorized a $400 million share repurchase program, to be funded from cash (no incremental debt) and executed discretionarily beginning in Q2, signaling management expects attractive valuations and strong cash generation ahead.
• Fiscal Q1 came in below expectations with diluted EPS of $0.37 (vs. $0.45 LY), total sales down 0.7% to $1,152M, comparable store sales down 3.7% (transactions -5.5%) and Q2-to-date comps down ~4.5%, with weather, mortgage rates and consumer softness cited as drivers.
• Updated fiscal 2026 guidance: sales $4.77B–$4.99B (includes ~$65M from a 53rd week), comp stores flat to down 4%, gross margin ~43.6%–43.8%, Adjusted EBITDA $545M–$580M and diluted EPS $1.83–$2.08, reflecting a wider range due to macro/geo-political uncertainty.
• Growth and capital efficiency initiatives remain prioritized — the company is on track to open 20 new warehouse-format stores in 2026 (avg. ~55k sq ft) while lowering average new-store cost to ~$7.5M–$8M (vs. $11.7M in 2023), with early openings performing encouragingly.
• Merchandise dynamics are mixed: vinyl/laminate is under pressure from a shift to sub-$2 price points (company is rolling out value assortments and price-band tests with encouraging elasticity), while pro sales, tile, installation materials and connected-customer sales (up 5.4%, ~19% of sales) remain constructive; Spartan Surfaces’ commercial business is soft but quoting/backlog trends show potential improvement.

Floor & Decor Stock Up 4.4%

Shares of FND stock traded up $2.14 during mid-day trading on Friday, hitting $50.54. The stock had a trading volume of 6,977,355 shares, compared to its average volume of 2,754,030. Floor & Decor has a 12-month low of $46.47 and a 12-month high of $92.40. The firm has a market capitalization of $5.45 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 2.85 and a beta of 1.82. The firm’s 50-day moving average is $55.44 and its two-hundred day moving average is $62.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.34.

Institutional Investors Weigh In On Floor & Decor

Hedge funds have recently made changes to their positions in the company. Champlain Investment Partners LLC purchased a new stake in Floor & Decor in the fourth quarter worth about $108,060,000. Durable Capital Partners LP purchased a new stake in Floor & Decor in the second quarter worth about $106,221,000. FIL Ltd lifted its stake in Floor & Decor by 193.9% in the fourth quarter. FIL Ltd now owns 1,836,696 shares of the company’s stock worth $111,836,000 after acquiring an additional 1,211,731 shares during the period. Scopus Asset Management L.P. purchased a new stake in Floor & Decor in the third quarter worth about $80,234,000. Finally, Raymond James Financial Inc. boosted its stake in shares of Floor & Decor by 76.9% during the second quarter. Raymond James Financial Inc. now owns 1,160,407 shares of the company’s stock valued at $88,145,000 after purchasing an additional 504,465 shares in the last quarter.

Key Headlines Impacting Floor & Decor

Here are the key news stories impacting Floor & Decor this week:

• Positive Sentiment: Telsey Advisory remains constructive: although it cut its target, Telsey still rates FND “outperform” with a $61 target (meaning material upside from current levels), signaling at least one shop sees recovery potential. Telsey report
• Positive Sentiment: Company describes execution in a challenging demand environment — management framed results as execution against a tough big?ticket discretionary backdrop, which may reassure investors focused on long?term rollout/operational execution. Press release
• Neutral Sentiment: Citigroup trimmed its target to $52 and kept a “neutral” stance — modestly different from the market but not a strong sell signal. Citigroup note
• Neutral Sentiment: Full Q1 earnings call transcript and analyst writeups are available for diligence — useful for investors who want management commentary on comps, margin drivers and cadence through FY26. Earnings call transcript
• Negative Sentiment: Q1 missed estimates and outlook trimmed: EPS $0.37 vs. $0.42 est., revenue $1.15B vs. $1.19B est.; comps down ~3.7% and Q1 EPS materially below prior year — the company set FY26 EPS guidance of $1.83–2.08 vs. consensus ~2.06 and revenue guidance at $4.8–5.0B (vs. $5.0B consensus). Those misses and lowered guidance are the primary drivers of near?term downside. Press release / results
• Negative Sentiment: Multiple analyst cuts and more cautious stances (TD Cowen to $48/hold; Wells Fargo to $50/equal weight) increase near?term selling pressure and lower the bar for negative revisions. TD Cowen / Benzinga Wells Fargo writeup
• Negative Sentiment: Bear case highlighted: Seeking Alpha warns of persistent comp and earnings pressure, argues FND’s premium multiple is at risk and models a possible downside toward ~$37/share if weak comps persist — a reminder of valuation risk if the consumer stays soft. No Turn Here

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FND shares. Citigroup lowered their target price on shares of Floor & Decor from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company reduced their price objective on shares of Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Floor & Decor from $78.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $64.00 price objective on shares of Floor & Decor in a research note on Friday, February 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Floor & Decor in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.74.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.