Floor & Decor Holdings, Inc. (FND) Earnings Call Transcripts

Floor & Decor Holdings, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal 2026, Floor & Decor Holdings, Inc. reported total sales of $1.152 billion, a slight decline of 0.7% year-over-year, and diluted earnings per share (EPS) of $0.37, down from $0.45 in the prior year. The company announced a share repurchase program of up to $400 million, reflecting confidence in its long-term value despite current market pressures. Management has adjusted its fiscal 2026 guidance, projecting sales between $4.770 billion and $4.990 billion, with comparable store sales expected to be flat to down 4%.

Reported metrics

Guidance from management

Management expects fiscal 2026 sales to range from $4.770 billion to $4.990 billion, with comparable store sales projected to be flat to down 4%. Gross margin is expected to be approximately 43.6% to 43.8%.

What management said

Just as a follow-up, just to put in context on the amount of spend because what's helped us continue to open stores in this environment and have better returns is our average store cost is going to be this year approximately $7.5 million to $8 million. If you rewind the clock just a couple of years, we were as high as $11.7 million in 2023. So for all the reasons Brad talked about and what we've done within the box, ...

Yes. It's still early right now. I mean, look, Ersan's team, again, getting a lot of kudos today. They've done a great job of working with our vendor partners, long-term vendor partners that we've had there. So today, where we see just minimal exposure today, I think we'll always do what we do best, which is negotiate first and foremost, with our current vendor base. If we do see any big sort of pushes or anything el...

What analysts pressed on

Analysts expressed concerns about the ongoing weakness in the laminate and vinyl categories, questioning the sustainability of sales growth in a challenging environment. There were also inquiries regarding the impact of rising costs on margins and the effectiveness of the company's pricing strategies.

Main topics on the call

• Share Repurchase Program — Management announced a share repurchase program for up to $400 million, citing 'the current uncertainty across the broader economic and capital markets landscape' as an opportunity to repurchase shares at compelling valu...
• Sales Performance — Total sales decreased 0.7% year-over-year to $1.152 billion, with comparable store sales declining 3.7%. Management noted that 'the decline in our first quarter comparable store sales was driven by a 5.5% decrease in tra...
• Guidance Adjustment — Management has lowered its fiscal 2026 guidance, now projecting sales between $4.770 billion and $4.990 billion, reflecting 'unexpected events' and a cautious consumer environment. Comparable store sales are estimated to...
• Gross Margin Improvement — Gross margin increased to 44.0% from 43.8% year-over-year, attributed to 'the timing benefit of our strategic pricing initiatives,' despite higher supply chain costs.

Read the full Floor & Decor Holdings, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 50 Floor & Decor Holdings, Inc. earnings call transcripts on record, spanning February 20, 2020 to July 30, 2026. Based on this history, Floor & Decor Holdings, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FND

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

50

First call

February 20, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly