Quarterly ResultApr 30, 2026, 04:26 PM
FND Q1 Net Sales -0.7%, EPS $0.37; $400M Share Buyback Approved
AI Summary
Floor & Decor Holdings, Inc. announced its first quarter fiscal 2026 financial results, reporting a 0.7% decrease in net sales to $1,152.3 million and a 3.7% decline in comparable store sales. Diluted EPS fell 17.8% to $0.37, which the CEO attributed to a challenging demand environment. Concurrently, the Board of Directors approved a new share repurchase program authorizing up to $400 million of common stock, reflecting confidence in the company's long-term operating model and cash flows despite current economic uncertainties. The company also updated its fiscal year 2026 guidance.
Key Highlights
- Board approved $400 million share repurchase program.
- Net sales decreased 0.7% to $1,152.3 million in Q1 2026.
- Comparable store sales decreased 3.7% in Q1 2026.
- Diluted EPS was $0.37, down 17.8% from $0.45 in Q1 2025.
- Operating income decreased 18.4% to $52.4 million; operating margin 4.5%.
- Net income decreased 18.8% to $39.7 million.
- Opened six new warehouse stores, totaling 276 stores.
- Fiscal 2026 net sales guidance $4,770M-$4,990M; diluted EPS $1.83-$2.08.