Floor & Decor Holdings reported second-quarter fiscal 2026 net sales of $1,250.3 million, up 3.0% year-over-year, and net income of $95.9 million, a 51.7% increase from the prior-year quarter. Adjusted diluted EPS was $0.58, unchanged from Q2 2025, while GAAP diluted EPS rose to $0.89. The company opened five new warehouse stores in the quarter and repurchased $65.7 million of common stock.

Financial Highlights

  • Revenue: Net sales of $1,250.3 million for the thirteen weeks ended June 25, 2026, a 3.0% increase from $1,214.2 million in Q2 2025.
  • Gross profit and margin: Gross profit of $603.1 million and gross margin of 48.2% for the quarter (GAAP); adjusted gross margin of 43.7%.
  • Operating income: Operating income of $124.0 million and operating margin of 9.9% for the quarter, up 51.4% versus Q2 2025.
  • Net income and EPS: Net income of $95.9 million for the quarter; diluted GAAP EPS of $0.89 (up 53.4% year-over-year).
  • Non-GAAP results: Adjusted net income of $63.0 million and adjusted diluted EPS of $0.58 for the quarter (flat vs. prior-year); adjusted EBITDA of $152.0 million for the quarter.

Business Highlights

  • Comparable store sales: Comparable store sales decreased 2.1% for the quarter and decreased 2.9% for the first twenty-six weeks of fiscal 2026, with sequential improvement within the quarter from April to June.
  • Store footprint: Opened five new warehouse stores during the quarter, bringing the total to 281 warehouse-format stores and five design studios across 39 states as of June 25, 2026.
  • Capital deployment and returns: Returned $65.7 million to shareholders through share repurchases during the twenty-six weeks ended June 25, 2026.
  • Operational cash flow and investments: Net cash provided by operating activities of $278.4 million for the twenty-six weeks ended June 25, 2026, with capital expenditures of $136.7 million in the period and planned fiscal 2026 capex of $240 million to $275 million.
  • Guidance and planning: Fiscal 2026 outlook (53-week year) includes net sales of approximately $4,770M–$4,990M, comparable store sales approximately (4.0)% to flat, adjusted diluted EPS of $1.88–$2.13, and plans to open ~20 new warehouse stores.

Original SEC Filing:

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