Floor & Decor Q2 sales beat estimates, keeps 2026 store-opening plan

Floor & Decor Holdings

30/07/2026 21:16

Overview
U.S. specialty flooring retailer's Q2 sales rose 3%, beating analyst expectations
Adjusted diluted EPS was flat yr/yr at $0.58; comparable store sales fell 2.1%
Company opened five new warehouse stores and repurchased $65.7 mln in shares

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 expects to open 20 new warehouse stores in fiscal 2026

Result Drivers
DISCRETIONARY DEMAND - Co said demand for larger discretionary home improvement flooring projects remained uneven, impacting comparable store sales
NEW STORE OPENINGS - Five new warehouse stores contributed to overall sales growth
EXPENSE MANAGEMENT - Co said it remains focused on managing expenses and delivering value to customers

Company press release: ID:nBw4zc7c9a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.25 bln
$1.23 bln (19 Analysts)
Q2 EPS
 
$0.89
 
Q2 Net Income
 
$95.87 mln
 
Q2 Operating income
 
$123.98 mln
 
Q2 Pretax Profit
 
$124.93 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 $55.50, about 0.5% below its July 29 closing price of $55.76
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
July 29 - Home improvement firm Masco misses quarterly sales estimates as demand remains weak
July 29 - Ethan Allen Q4 revenue misses estimates, hit by order declines, tariffs
July 28 - Switzerland's Forbo H1 net profit slips on higher costs, currency impact

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(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.)