10-Q · April 30, 2026
Floor & Decor Holdings, Inc. reported Q1 2026 results showing a 0.7% decline in revenue year-over-year at $1.15 billion and a diluted EPS of $0.37, down 17.8% from the prior year. The company faced challenges due to…
Earnings analysis · 10-Q
FND earnings analysis
Filed October 29, 2026 · Our reading of the company's report
The latest report
Floor & Decor delivered a modest year-over-year improvement, with revenue of $1.215 billion and diluted EPS of $0.61, including a $0.04 EPS beat versus consensus. Sequentially, however, revenue declined from $1.25…
Read full summary
Floor & Decor delivered a modest year-over-year improvement, with revenue of $1.215 billion and diluted EPS of $0.61, including a $0.04 EPS beat versus consensus. Sequentially, however, revenue declined from $1.25 billion to $1.215 billion, operating margin contracted from 9.9% to 6.4%, and EPS fell from $0.89 to $0.61. Variable-rate debt, housing-market sensitivity, and macro volatility remain material risks, while the company continued substantial share repurchases and its ERP implementation.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.61
- Operating margin
- 6.4%
What stood out
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Revenue up year over year
Revenue was $1.215 billion, down from $1.25 billion in 2026 Q2 but up from $1.18 billion in 2025 Q3. Revenue was approximately $5.0 million below the $1.220 billion consensus estimate.
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EPS beat despite sequential decline
Diluted EPS was $0.61 versus $0.89 in 2026 Q2 and $0.53 in 2025 Q3, while exceeding the $0.57 consensus estimate by $0.04.
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Year-over-year operating improvement
Operating margin was 6.4%, down from 9.9% in 2026 Q2 but up from 6.1% in 2025 Q3; operating income increased 8.3% year over year.
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Meaningful share repurchases
The company repurchased 1,764,759 shares during the quarter at an average price of $51.79, with $242.907 million remaining under the $400.0 million authorization.
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Controls remain effective
Disclosure controls were concluded effective as of September 24, 2026, at a reasonable assurance level, despite ongoing changes associated with the multi-year ERP implementation.
What to watch
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Variable-rate debt sensitivity
The company had $200.0 million outstanding under its variable-rate 2026 Credit Facilities as of September 24, 2026; a 1.0% increase in the effective interest rate would raise interest expense by approximately $2.0 million over the next twelve months.
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Housing and macroeconomic exposure
Management cited uncertainty from residential housing and consumer spending conditions, inflation, supply-chain disruptions, tariffs and trade policy, and geopolitical instability; these factors contributed to significant market volatility during the period ended September 24, 2026.
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ERP implementation control risk
The company is undertaking a multi-year ERP implementation and continues modifying internal-control processes as cloud-based systems go live; the changes could affect reporting processes even though controls were effective as of September 24, 2026.
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Ongoing buyback commitment
The company repurchased 1,764,759 shares in the quarter while $242.907 million remained available under the $400.0 million authorization, creating an ongoing capital-allocation and liquidity consideration.
Management's outlook
The provided 10-Q excerpt does not include quantitative revenue or EPS guidance; the outlook was disclosed separately in the October 29, 2026 earnings release/8-K.
Earlier filings 4
10-K · February 19, 2026
Floor & Decor describes a differentiated, multi-channel specialty retail model centered on a broad in-stock assortment, everyday low prices, and Pro/homeowner channels, operating 270 warehouse-format stores as of Dec…
10-Q · May 1, 2025
Floor & Decor reported Q1 net sales of $1,160,740,000 (up $63,451,000 or ~5.8% vs Q1 prior-year $1,097,289,000) with gross margin expanding to 43.8% and operating income of $64,229,000 (operating margin 5.5%). GAAP…
10-K · February 20, 2025
Floor & Decor reported fiscal 2024 net sales of $4,455,770,000 (up 0.9% vs. FY2023) with gross margin expanding to 43.3% and Adjusted EBITDA of $512,504,000. However, comparable store sales declined (7.1%) and net…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.