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

Floor & Decor (NYSE:FND) posted its quarterly earnings data on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05), Zacks reports. Floor & Decor had a net margin of 4.45% and a return on equity of 8.99%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business earned $0.46 earnings per share. The company’s revenue was down .7% on a year-over-year basis. 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%

NYSE FND traded up $2.14 during trading on Friday, hitting $50.54. 6,977,355 shares of the company traded hands, 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 business has a fifty day simple moving average of $55.44 and a 200 day simple moving average of $62.49. The company has a market capitalization of $5.45 billion, a P/E ratio of 26.32, a PEG ratio of 2.85 and a beta of 1.82. The company has a current ratio of 1.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in Floor & Decor in the 3rd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. boosted its position in Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares during the period. Los Angeles Capital Management LLC acquired a new position in Floor & Decor during the fourth quarter valued at approximately $34,000. Global Retirement Partners LLC raised its position in shares of Floor & Decor by 35.5% in the fourth quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock valued at $44,000 after purchasing an additional 189 shares during the period. Finally, State of Wyoming bought a new position in shares of Floor & Decor in the second quarter valued at approximately $46,000.

Key Floor & Decor News

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FND shares. Barclays cut their target price on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Piper Sandler reissued an “overweight” rating and issued a $70.00 price objective (down from $78.00) on shares of Floor & Decor in a research note on Friday. Telsey Advisory Group decreased their target price on Floor & Decor from $80.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday. Zelman & Associates lowered their target price on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Finally, Robert W. Baird set a $63.00 price objective on shares of Floor & Decor in a research note on Friday. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.74.

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.