Floor & Decor Q1 sales fall due to weaker demand for big-ticket purchases

Floor & Decor Holdings

30/04/2026 21:24

Overview

US specialty flooring retailer's fiscal Q1 net sales fell 0.7%, missing analyst expectations

Comparable store sales declined 3.7%, with diluted EPS down to $0.37 from $0.45

Company announced $400 mln share repurchase program

Outlook

Floor & Decor sees fiscal 2026 net sales of $4.77 bln to $4.99 bln

Company expects fiscal 2026 comparable store sales between (4.0)% and flat

Floor & Decor forecasts fiscal 2026 diluted EPS of $1.83 to $2.08

Result Drivers

WEAK DEMAND - Co said elevated mortgage rates, higher gas prices, and geopolitical tensions led to lower consumer sentiment and weaker demand for big-ticket discretionary purchases

Company press release: ID:nBw49zV6Pa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$1.15 bln
$1.19 bln (19 Analysts)
Q1 EPS
$0.37
Q1 Net Income
$39.71 mln
Q1 Comparable store sales Growth
-3.70%
Q1 Operating income
$52.40 mln
Q1 Pretax Profit
$51.26 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 14 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the home improvement products & services retailers peer group is "buy."

Wall Street's median 12-month price target for Floor & Decor Holdings Inc is $70.00, about 46.8% above its April 29 closing price of $47.67

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)