Floor & Decor Reports $1.152 Billion in Net Sales, Sees Decrease in Income and Comparable Store Sales

Floor & Decor Holdings, Inc. reported a net sales figure of $1.152 billion for the thirteen weeks ending March 26, 2026, reflecting a decrease of $8.5 million, or 0.7%, compared to the same period in the previous year. The decline in sales was primarily attributed to a 3.7% drop in comparable store sales, which was partially offset by contributions from 22 new warehouse-format stores opened since March 2025. The company’s gross profit for the quarter was $507.5 million, a slight decrease of $0.7 million from the prior year, while gross margin improved to 44.0%, up from 43.8% in the previous year, driven by strategic pricing initiatives.

Operating income for the quarter was reported at $52.4 million, down 18.4% from $64.2 million in the same quarter last year. This decline was influenced by a 2.5% increase in selling, general, and administrative (SG&A) expenses, which rose to $455.1 million, largely due to costs associated with the new stores. Net income for the period was $39.7 million, a decrease of 18.8% from $48.9 million in the prior year, resulting in basic and diluted earnings per share of $0.37, down from $0.45.

In terms of operational developments, Floor & Decor operated 276 warehouse-format stores and five design studios across 39 states as of the end of the quarter. The company reported a decrease in comparable transactions by 5.5%, which was attributed to low existing home sales and adverse weather conditions. However, the average ticket size increased by 1.9%, indicating that customers were spending more per transaction. The company’s liquidity position remained strong, with $293.6 million in cash and cash equivalents and $713.6 million available under its asset-based loan facility.

Looking ahead, Floor & Decor plans to invest between $250 million to $300 million in capital expenditures for fiscal 2026, focusing on opening new stores and enhancing existing facilities. The company has also initiated a share repurchase program, authorizing the repurchase of up to $400 million of its common stock, which reflects its commitment to returning value to shareholders. However, the company acknowledged potential macroeconomic challenges, including high interest rates and weak home sales, which could impact future performance.