Atlanta, GA, July 31, 2026 -- Floor & Decor Holdings Inc. reported second-quarter earnings that exceeded its expectations amid “uneven” demand for large discretionary flooring projects.

The specialty retailer of hard surface flooring and related accessories has opened 11 new warehouse stores to date in its current fiscal year, including five in the second quarter. It plans to open 20 locations for the full year.

"We continue to expect the class of 2026 new stores to average approximately 55,000 square feet, a format that, while smaller than our legacy footprint, allows us to enter higher density markets without sacrificing sales productivity," CEO Brad Paulsen said on the earnings call. "We expect the balance of our 2026 store openings to be weighted through the fourth quarter."

Floor & Decor’s second-quarter net income increased 51.7% to $95.9 million, with earnings per share of $0.89, for the quarter ended June 25, up from $63.2 million, with earnings per share of $0.58, in the year-ago quarter. Adjusted net income of $63.0 million decreased 0.3% from $63.2 million last year. Adjusted earnings per share of $0.58 were flat compared to the second quarter of fiscal 2025.

Net sales rose 3% t0 $1.25 billion. Comparable store sales decreased 2.1%, which marked an improvement from the 3.7% decline in the first quarter. The average ticket grew 0.8% year over year.

“We are pleased with our second-quarter earnings, which exceeded our expectations and reflected both the resilience of our business model and the disciplined execution of our teams,” Paulsen stated in the earnings release. “While demand for larger discretionary home improvement flooring projects remains uneven, we saw sequential improvement throughout the quarter, with comparable store sales improving from a 5.1% decline in April to nearly flat in June. “

The company returned $65.7 million to shareholders through share repurchases in the quarter.

As of June 25, 2026, Floor & Decor operated 281 warehouse-format stores and five design studios across 39 states.

Source: chainstoreage.com