Floor & Decor Reports Q2 Earnings with Sequential Sales Improvement
Floor & Decor (FND) reported second-quarter net sales of $1,250.3 million for fiscal 2026, a 3% increase from the prior year period. While adjusted diluted EPS remained flat at $0.58 compared to last year, comparable store sales showed sequential improvement with a decline of 2.1%, better than the previous quarter's 3.7%. The company also reported Pro customer sales growth of approximately 4%, representing 55% of total sales. Online sales penetration increased slightly to 20.3% from 18.6% in Q2 fiscal 2025, and five new warehouse stores were opened during the quarter across key markets like Portland and Houston. Despite these gains, adjusted gross margin dipped by 20 basis points year over year due to inflationary pressures and pricing investments. Floor & Decor recognized a $45.2 million net pretax benefit from IEEPA tariff refunds, which helped offset rising costs. The company also repurchased shares for $65.7 million during the quarter under its ongoing buyback program.
Tickers: $FND
Topics: financial_performance online_sales sales_growth store_expansion