Floor & Decor (FND) Q3 2026 earnings summary

Executive summary

• Q3 net sales increased 3.0% YoY to $1,214.6 million; comparable store sales decreased 1.4%.

• Diluted EPS rose 15.1% to $0.61, while net income increased 13.2% to $64.8 million.

• 9M net sales increased 1.8% to $3,617.1 million and net income rose 18.4% to $200.4 million; results included a $56.2 million IEEPA tariff-refund benefit.

Financial highlights

• Q3 gross profit rose 3.8% to $531.3 million; operating income increased 8.3% to $78.0 million and net income rose 13.2% to $64.8 million.

• Q3 Adjusted EBITDA increased to $149.1 million from $138.8 million; Adjusted EBITDA margin was 12.3% versus 11.8%.

• 9M gross profit rose 5.7% to $1.642 billion and operating income increased 16.6% to $254.4 million; Adjusted EBITDA was $422.5 million versus $418.7 million.

• 9M Adjusted net income decreased 1.1% to $167.5 million and Adjusted diluted EPS fell 0.6% to $1.55.

Outlook and guidance

• FY26 net sales guidance is $4,765 million–$4,835 million, up 2%–3%; comparable sales are expected to decline 3.5%–2.0%.

• FY26 Adjusted gross margin is expected at ~43.6%, SG&A at ~38.5% of sales, and Adjusted EBITDA at $535 million–$550 million; tax rate guidance is 21.5%–22.0%.

• FY26 diluted EPS guidance is $2.19–$2.29 and Adjusted diluted EPS is $1.88–$1.98; 52-week Adjusted diluted EPS is $1.80–$1.90.

• The 53rd week is expected to add $65 million in sales, $0.08 in diluted EPS and $11 million in Adjusted EBITDA.

• FY26 CapEx is estimated at $235 million–$250 million, with 20 warehouse openings planned; 2027 plans call for 10–15 openings, paced to market conditions and returns.