Floor & Decor Holdings (1FD) Q3 2026 Earnings Report
DE:1FD Q3 2026 EPS Results
- Actual EPS
- EUR 0.55
- Consensus EPS
- EUR 0.51
- Beat/Miss
- Beat by +EUR 0.03
- One Year Ago EPS
- EUR 0.47
DE:1FD Q3 2026 Revenue Results
- Actual Revenue
- EUR 1.09B
- Expected Revenue
- EUR 1.09B
- Beat/Miss
- Missed by -EUR 5.93M
- YoY Revenue Growth
- +2.97%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/29/2026
- Time
- After Close
- Conference Call
- Thursday, October 29, 2026
Floor & Decor Holdings's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was broadly positive about the company's execution and financial flexibility despite a challenging demand environment. Earnings, cash flow, liquidity, Pro momentum, digital conversion, category share gains and expense discipline were strong, while negative comparable sales, pressured housing-related demand, higher transportation costs, ongoing laminate and vinyl weakness and a slower 2027 store-opening pace remained meaningful challenges.
For fiscal 2026, sales are expected to be in the range of $4.765 billion to $4.835 billion, or increase by 2% to 3% from fiscal 2025, with the 53rd week expected to contribute approximately $65 million to sales; comparable store sales are estimated to be down 3.5% to down 2.0%, comp average ticket is estimated to be up low single digits, comp transactions are estimated to be down mid-single digits, adjusted gross margin is expected to be approximately 43.6%, SG&A as a percentage of sales is estimated to be approximately 38.5%, interest income expense, net, is expected to be approximately 0, tax rate is expected to be approximately 21.5% to 22.0%, depreciation and amortization expense is expected to be approximately $250 million, adjusted EBITDA is expected to be approximately $535 million to $550 million with the 53rd week contributing approximately $11 million, diluted earnings per share is estimated to be approximately $2.19 to $2.29, adjusted diluted earnings per share is estimated to be approximately $1.88 to $1.98, the 53rd week is expected to contribute approximately $0.08 to adjusted diluted EPS, implying 52-week adjusted diluted EPS of $1.80 to $1.90, diluted weighted average shares outstanding are estimated to be approximately 107 million shares, and CapEx is estimated to be approximately $235 million to $250 million; the company plans to open 8 new warehouse format stores in the fourth quarter, bringing fiscal 2026 openings to 20, and currently plans for 10 to 15 openings in 2027, with a broader Pro loyalty program launch on track for the first quarter of 2027.
- Third-Quarter EPS GrowthDiluted earnings per share increased 15% to $0.61 from $0.53 last year. Excluding an approximately $0.02 per-share benefit from the lower year-over-year tax rate, EPS grew 11%, reflecting disciplined expense management and solid operational execution.
- Sales Growth and Improving Comparable TrendsTotal sales increased 3% to $1,214.6 million from $1,179.5 million. Comparable store sales declined 1.4%, improving from declines of 2.1% in the second quarter and 3.7% in the first quarter. September comparable sales increased 0.4%, the company's first month of positive comparable sales growth since January 2026.
- Pro Customer MomentumPro sales growth accelerated throughout the quarter, reaching 9% growth in September, the strongest Pro sales growth month of the year. Pro penetration increased to 55% from approximately 50% in the prior-year period.
- Pro Loyalty Program PilotThe company launched a pilot of its new Pro loyalty program in three U.S. markets and remains on track for a broader launch in the first quarter of 2027. Initial associate and customer feedback was described as positive, with customers indicating that they understand the program and see value in it.
- Improved Average Ticket and Geographic PerformanceComparable average ticket increased 1.6%, accelerating from 0.8% growth in the second quarter. Comparable square footage sold improved by more than 100 basis points sequentially. Both the East and West regions delivered positive comparable store sales excluding cannibalization, and 12 of 16 districts reported positive comparable store sales excluding cannibalization, up from 8 districts in the second quarter.
- Tile Market Share GainsTile represented approximately 23% of sales and grew 5% year-over-year. Based on tile industry square footage sold data, the company believes it has averaged approximately 100 basis points of annual share gains over the past several years, with that pace accelerating to roughly 150 basis points in 2026.
- Installation Materials GrowthInstallation materials represented 22% of sales and delivered 10% year-over-year sales growth as the company expanded share of wallet with Pros and strengthened its market position.
- Progress in Laminate and VinylComparable store sales and comparable square footage sales in laminate and vinyl flooring improved sequentially from the first and second quarters and became less negative. The company attributed the improvement to new specified SKUs and value-focused merchandising and marketing initiatives.
- Stronger Better and Best Product MixSales penetration of the company's better and best offerings increased both sequentially and year-over-year, which management cited as evidence that customers continue to respond to the value, quality and differentiation of the assortments.
- Warehouse Store ExpansionThe company opened 12 new warehouse-format stores through the first three quarters of fiscal 2026, including Fredericksburg, Virginia. It plans to open 8 additional stores in the fourth quarter, bringing total fiscal 2026 openings to 20, in line with its plan.
- Long-Term Store Opportunity and Disciplined ExpansionManagement reiterated its unchanged long-term opportunity for 500 warehouse stores in the United States. The company plans to focus new openings on Tier 1 and Tier 2 markets, urban densification and 55,000- to 65,000-square-foot stores, while continuing to pursue locations with attractive expected returns.
- Digital and Omnichannel ImprovementsOnline penetration reached 20.3%, up approximately 150 basis points year-over-year. Cart conversion improved 380 basis points year-over-year, supported by better search capabilities, improved product content, a modernized technology platform and efforts to reduce friction in the customer journey.
- Commercial Account ProductivityManaged-account comparable sales improved sequentially throughout the quarter, with stronger performance across existing territories, contributions from new and added accounts, and increased sales-team productivity. Sales per representative increased each month and reached its highest level in September, with productivity improving across every tenured group.
- Spartan Surfaces GrowthSpartan Surfaces sales increased approximately 6% year-over-year, reflecting continued momentum in key verticals.
- Gross Margin and Expense DisciplineGross profit increased $19.4 million, or 3.8%, year-over-year. Gross margin was 43.7%, up 30 basis points year-over-year and within the expected range. SG&A increased 3.0% to $13.4 million, while SG&A as a percentage of sales was 37.3%, flat year-over-year and within the expected range.
- Operating Cost FlexibilityComparable-store SG&A declined $7.9 million in the third quarter, and management said it has taken out almost $100 million in comparable-store costs since the fourth quarter of 2023. The company also reported progress in shrink and damage, labor-hour flexibility and discretionary spending management while maintaining customer-service standards.
- Strong Cash Flow and LiquidityCash provided by operating activities was $485.3 million for the 39 weeks ended September 24, 2026, compared with $257.8 million in the prior-year period. The company ended the quarter with $1.0 billion of unrestricted liquidity, including $392.5 million in cash and cash equivalents and $641.3 million of available ABL capacity.
- Share Repurchases and Capital AllocationThe company repurchased 1.8 million shares for $91.4 million in the third quarter, bringing year-to-date repurchases to 3.1 million shares, or $157.1 million. Approximately $242.9 million remained under the $400 million authorization. Through the first three quarters, the company invested $187.9 million in capital expenditures while continuing to invest in stores, Pro loyalty, digital capabilities, supply chain and commercial flooring platforms.
- Updated Full-Year Financial OutlookFiscal 2026 sales are expected to be $4.765 billion to $4.835 billion, representing a 2% to 3% increase from fiscal 2025. Adjusted gross margin is expected to be approximately 43.6%, adjusted EBITDA approximately $535 million to $550 million, adjusted diluted EPS approximately $1.88 to $1.98, and CapEx approximately $235 million to $250 million. The 53rd week is expected to contribute approximately $65 million of sales, $11 million of adjusted EBITDA and $0.08 of adjusted diluted EPS.
- Board Succession and RefreshmentNorman Axelrod will not stand for reelection at the 2027 Annual Meeting after 17 years on the Board. Effective January 1, 2027, Tom Taylor will transition from Executive Chair to Chair of the Board, and Lauren Taylor Wolfe will join as an independent director effective February 1, 2027.
- Future Category and Technology OpportunitiesManagement plans to continue expanding installation materials and outdoor assortments in selected stores and is testing additional categories. Management also described agentic commerce and AI-powered shopping as top-of-mind opportunities and said the company believes its visual category is well positioned to benefit from those changes.
DE:1FD Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 25, 2027 | 2026 (Q4) | 0.33- | 0.32 | ― | ― |
| Oct 29, 2026 | 2026 (Q3) | 0.510.55 | 0.47 | 15.09% (+0.07) | |
| Jul 30, 2026 | 2026 (Q2) | 0.510.52 | 0.52 | 0.00% (+0.00) | |
| Apr 30, 2026 | 2026 (Q1) | 0.370.33 | 0.4 | -17.78% (-0.07) | |
| Feb 19, 2026 | 2025 (Q4) | 0.310.32 | 0.39 | -18.18% (-0.07) | |
| Oct 30, 2025 | 2025 (Q3) | 0.420.47 | 0.43 | 10.42% (+0.04) | |
| Jul 31, 2025 | 2025 (Q2) | 0.500.52 | 0.47 | 11.54% (+0.05) | |
| May 01, 2025 | 2025 (Q1) | 0.400.40 | 0.41 | -2.17% (-0.01) | |
| Feb 20, 2025 | 2024 (Q4) | 0.230.39 | 0.3 | 29.41% (+0.09) | |
| Oct 30, 2024 | 2024 (Q3) | 0.400.43 | 0.55 | -21.31% (-0.12) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
