The earnings miss and guidance cut signal worsening demand in a high-rate, low-home-sales environment. The $400M buyback is a capital allocation signal but does not fix the underlying revenue and profit decline. Watch for further comp store sales deterioration and potential tariff impacts on margins. The stock is likely to trade down on the miss and reduced outlook.
Price Chart
Executive Summary
Floor & Decor reported Q1 2026 EPS of $0.37, missing consensus of $0.41 by 9.8%, with revenue of $1.152B also below the $1.19B estimate. Comparable store sales fell 3.7%, operating income dropped 18.4%, and the company lowered its full-year guidance for EPS to $1.83-$2.08 (from prior $1.98-$2.18) and revenue to $4.77B-$4.99B (from $4.88B-$5.03B). The $400M buyback announcement does not offset the fundamental deterioration.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS of $0.37 vs consensus $0.41 (miss of 9.8%)
- Q1 2026 revenue of $1,152.3M vs consensus $1.19B, down 0.7% YoY
- Comparable store sales decreased 3.7% in Q1 2026
- Operating income fell 18.4% to $52.4M; operating margin contracted 100 bps to 4.5%
- Net income declined 18.8% to $39.7M; diluted EPS down 17.8% YoY from $0.45
- Full-year FY2026 guidance lowered: EPS now $1.83-$2.08 (from $1.98-$2.18), revenue $4.77B-$4.99B (from $4.88B-$5.03B)
- Board authorized a $400M share repurchase program with no expiration date
- Cash from operations improved to $109.2M in Q1 2026 vs $71.2M in Q1 2025
- Opened 6 new warehouse stores in Q1, ending with 276 total
Financial Impact
EPS miss of ~$0.05 vs consensus; revenue miss of ~$38M; full-year guidance lowered by $0.15 at midpoint for EPS and ~$75M for revenue
Risk Factors
- Sustained high mortgage rates and weak existing home sales continue pressuring demand
- Tariff and geopolitical risks could further raise costs or disrupt supply chain
- Lowered guidance implies management sees no near-term catalyst for improvement
- Buyback may signal management believes stock is undervalued, but does not address fundamental headwinds
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-028899 |
| Document: fnd-20260430.htm | 0001628280-26-028899 |
| Document: 0001628280-26-028899-index-headers.html | 0001628280-26-028899 |
| Document: 0001628280-26-028899-index.html | 0001628280-26-028899 |
| Document: 0001628280-26-028899.txt | 0001628280-26-028899 |
| 8-K Data (Synthetic) | 0001628280-26-028899 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 25, 2026 17w ago | 8-K | $59.61 $59.04 | ▼ −0.96% | ▼ −3.12% | $47.28 (−20.68%) |
May 4, 2026 25w ago | Insider Cluster | $48.30 $47.65 | ▲ +1.35% | ▲ +3.34% | $47.28 (+2.11%) |
May 4, 2026 25w ago | Insider Cluster | $51.50 $45.61 | ▼ −11.43% | ▼ −12.93% | $47.28 (−8.19%) |
Apr 30, 2026 25w ago | 8-K | $50.25 $51.70 | ▼ −2.89% | ▼ −0.54% | $47.28 (+5.90%) |
Mar 23, 2026 31w ago | DEFA14A | $52.30 $49.32 | ▼ −5.70% | ▼ −2.13% | $47.28 (−9.59%) |
Feb 28, 2026 34w ago | Institutional Cluster | $66.55 $59.56 | ▼ −10.50% | ▼ −9.30% | $47.28 (−28.95%) |
US Market Status
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