Floor & Decor (NYSE:FND) Issues Earnings Results

Floor & Decor (NYSE:FND) released its quarterly earnings results on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02, FiscalAI reports. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. 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 Trading Down 0.7%

Shares of NYSE:FND traded down $0.40 during trading on Thursday, hitting $55.37. 3,394,486 shares of the company were exchanged, compared to its average volume of 2,104,532. Floor & Decor has a fifty-two week low of $42.64 and a fifty-two week high of $92.40. The stock 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 firm has a fifty day moving average price of $53.69 and a two-hundred day moving average price of $57.30.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FND shares. Barclays decreased their price objective on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Citigroup restated a “neutral” rating on shares of Floor & Decor in a research note on Thursday, July 16th. Bank of America downgraded Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 price target for the company. in a research report on Friday, April 17th. UBS Group decreased their price target on shares of Floor & Decor from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Floor & Decor in a report on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $57.72.

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

Insider Transactions at Floor & Decor

In other news, CFO Bryan Langley bought 2,500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $48.69 per share, with a total value of $121,725.00. Following the acquisition, the chief financial officer owned 42,016 shares in the company, valued at $2,045,759.04. This trade represents a 6.33% increase in their ownership of the stock. 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 the firm’s stock in a transaction dated 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 sale, the executive vice president owned 71,676 shares of the company’s stock, valued at $3,460,517.28. This trade represents a 17.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is owned by company insiders.

Institutional Trading of Floor & Decor

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC bought a new stake in shares of Floor & Decor during the 3rd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. raised its holdings in Floor & Decor by 207.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after acquiring an additional 247 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Floor & Decor during the fourth quarter worth approximately $34,000. Global Retirement Partners LLC lifted its position in Floor & Decor by 35.5% during the fourth quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock worth $44,000 after acquiring an additional 189 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Floor & Decor during the second quarter worth approximately $46,000.

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.