Floor & Decor (NYSE:FND) Releases Earnings Results, Beats Estimates By $0.02 EPS

Floor & Decor (NYSE:FND) announced its quarterly earnings data on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02, FiscalAI reports. Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Floor & Decor updated its FY 2026 guidance to 2.200-2.450 EPS.

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

• Second-quarter sales rose 3% to $1.25 billion, while comparable-store sales declined 2.1% but improved sequentially from a 3.7% decline in the first quarter. Adjusted diluted EPS was $0.58, flat year over year and above the company’s expectations.
• Demand for large discretionary flooring projects remains pressured by historically low existing-home sales, affordability challenges and cautious consumers. Third-quarter-to-date comparable sales were down 2.2%, and vinyl flooring faces excess industry supply that could weigh on the category through at least the first half of 2027.
• Professional sales grew approximately 4% and represented about 55% of total sales, supported by strong installation-materials performance and gains in tile and wood. Management also cited improving conversion, higher-value product adoption and better regional trends as evidence that its market-share initiatives are gaining traction.
• The company raised its fiscal 2026 adjusted diluted EPS outlook to $1.88-$2.13 and expects sales of $4.77-$4.99 billion, with the 53rd week contributing approximately $0.08 of adjusted EPS. The guidance still assumes comparable-store sales ranging from flat to down 4%, reflecting continued macroeconomic uncertainty.
• Strong operating cash flow and a refinancing that extended debt maturities supported $65.7 million of share repurchases in the quarter, with $334.3 million remaining under the authorization. Floor & Decor also continued expansion, opening 11 stores in the first half, while online sales penetration increased to 20.3% from 18.6% a year ago.

Floor & Decor Stock Down 0.7%

Shares of NYSE:FND traded down $0.40 during trading on Thursday, hitting $55.37. 3,394,486 shares of the stock traded hands, compared to its average volume of 2,104,532. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 4.65 and a beta of 1.58. The company has a fifty day moving average price of $53.69 and a two-hundred day moving average price of $57.30. Floor & Decor has a 52-week low of $42.64 and a 52-week high of $92.40.

Floor & Decor News Roundup

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

• Positive Sentiment: Floor & Decor earned $0.58 per share, exceeding analyst estimates of approximately $0.56-$0.57. Revenue reached $1.25 billion, above the roughly $1.23 billion consensus estimate. Floor & Decor Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised or reaffirmed fiscal 2026 EPS guidance at $2.20-$2.45, well above the approximately $1.91 analyst consensus. Full-year revenue guidance of $4.8 billion-$5.0 billion was at least in line with expectations. Floor & Decor Announces Second-Quarter Fiscal 2026 Results
• Neutral Sentiment: Quarterly revenue increased 3.0% year over year, but EPS was unchanged from the prior-year quarter at $0.58. This suggests the earnings beat was favorable, though underlying growth remains relatively measured. Floor & Decor Earnings Report
• Negative Sentiment: The company indicated that demand for larger discretionary home-improvement projects remains challenging. That caution could temper investor enthusiasm despite the quarterly beat and improved earnings outlook. Floor & Decor Announces Second-Quarter Fiscal 2026 Results

Wall Street Analysts Forecast Growth

FND has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on shares of Floor & Decor from $78.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Telsey Advisory Group decreased their price objective on shares of Floor & Decor from $80.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Morgan Stanley reaffirmed a “positive” rating and issued a $56.00 price objective on shares of Floor & Decor in a report on Friday, May 1st. Citigroup restated a “neutral” rating on shares of Floor & Decor in a research report on Thursday, July 16th. Finally, Stifel Nicolaus set a $75.00 price target on shares of Floor & Decor in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.72.

Insider Buying and Selling

In other news, CFO Bryan Langley purchased 2,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average cost of $48.69 per share, with a total value of $121,725.00. Following the completion of the acquisition, the chief financial officer owned 42,016 shares of the company’s stock, valued at approximately $2,045,759.04. This represents a 6.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ersan Sayman sold 15,200 shares of Floor & Decor stock in a transaction on Monday, May 4th. The shares were sold at an average price of $48.28, for a total transaction of $733,856.00. Following the completion of the transaction, the executive vice president directly owned 71,676 shares of the company’s stock, valued at $3,460,517.28. The trade was a 17.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently modified their holdings of the business. Champlain Investment Partners LLC purchased a new position in Floor & Decor during the fourth quarter worth approximately $108,060,000. Durable Capital Partners LP purchased a new stake in shares of Floor & Decor in the second quarter valued at approximately $106,221,000. FIL Ltd increased its position in shares of Floor & Decor by 193.9% in the fourth quarter. FIL Ltd now owns 1,836,696 shares of the company’s stock valued at $111,836,000 after buying an additional 1,211,731 shares in the last quarter. Scopus Asset Management L.P. acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $80,234,000. Finally, Raymond James Financial Inc. raised its stake in shares of Floor & Decor by 76.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,160,407 shares of the company’s stock worth $88,145,000 after buying an additional 504,465 shares during the period.

Floor & Decor Company Profile

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.