Floor & Decor Holdings, Inc. · NYSE:FND
Floor & Decor — Q2 2026 Earnings Presentation
12 slides from Floor & Decor's earnings presentation, Jul 30, 2026
Slide 1: Floor & Decor Holdings, Inc. Announces Second Quarter Fiscal 2026 Financial Results
July 30, 2026 Floor & Decor Holdings, Inc. Announces Second Quarter Fiscal 2026 Financial Results Net sales of $1,250.3 million increased 3.0% from the second quarter of fiscal 2025 Comparable store sales decreased 2.1% Diluted EPS of $0.89; Adjusted diluted EPS* of $0.58 Opened five new warehouse s
Slide 2: Second Quarter and Twenty-Six Weeks Results
in the second quarter of fiscal 2025. Adjusted net income* of $63.0 million decreased 0.3% from $63.2 million in the second quarter of fiscal 2025. Adjusted diluted EPS* of $0.58 was flat compared to the second quarter of fiscal 2025. Gross margin of 48.2% increased 430 basis points from 43.9% in th
Slide 3: Updated Outlook for Fiscal Year 2026
EBITDA* Depreciation and amortization expense of approximately $250 million Interest (income) expense, net of approximately zero Tax rate of approximately 23% Diluted weighted average shares outstanding of approximately 107 million shares Open 20 new warehouse stores Capital expenditures of approxim
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted net income, Adjusted diluted EPS, Adjusted gross profit, Adjusted gross margin, EBITDA, and Adjusted EBITDA (which are shown in the reconciliations below) are supplemental measures of financial performance that are not required by or presented in accordance with
Slide 5: Forward-Looking Statements
these non-GAAP measures, such as stock-based compensation expense, fair value adjustments related to contingent earn-out liabilities, tariff refunds, and other adjustments. Definitions and calculations of Adjusted net income, Adjusted diluted EPS, Adjusted gross profit, Adjusted gross margin, EBITDA
Slide 6: Condensed Consolidated Statements of Operations
Twenty-six Weeks Ended June 25, 2026 June 26, 2025 % Increase Amount % of Net Sales Amount % of Net Sales (Decrease) Net sales $ 2,402,548 100.0% $ 2,374,890 100.0% 1.2% Cost of sales 1,291,978 53.8 1,334,034 56.2 (3.2)% Gross profit 1,110,570 46.2 1,040,856 43.8 6.7% Selling, general and administra
Slide 7: Condensed Consolidated Balance Sheets
Floor & Decor Holdings, Inc. Condensed Consolidated Balance Sheets (In thousands, except for share and per share data) (Unaudited) June 25, 2026 December 25, 2025 Assets Current assets: Cash and cash equivalents $ 320,614 $ 249,296 Income taxes receivable 8,141 7,270 Receivables, net 206,789 94,068
Slide 8: Condensed Consolidated Statements of Cash Flows
Floor & Decor Holdings, Inc. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) Twenty-six Weeks Ended June 25, 2026 June 26, 2025 Operating activities Net income $ 135,579 $ 112,056 Adjustments to reconcile net income to net cash provided by operating activities: Depreciatio
Slide 9: Reconciliation of GAAP to Non-GAAP Financial Measures
Floor & Decor Holdings, Inc. Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands, except EPS) (Unaudited) Adjusted net income and Adjusted diluted EPS Thirteen Weeks Ended June 25, 2026 June 26, 2025 Net income (GAAP): $ 95,870 $ 63,178 Tariff refunds (1) (45,229) — Loss on extinguis
Slide 10: Reconciliation of GAAP to Non-GAAP Financial Measures
Gross margin (GAAP): 46.2% 43.8% Tariff refunds (1) (2.3) — 43.9% 43.8% Adjusted gross margin (1) Represents recognized one-time IEEPA tariff refunds. Floor & Decor Holdings, Inc. Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands) (Unaudited) EBITDA and Adjusted EBITDA Thirteen Wee
Slide 11: Forward-Looking Statements
terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “budget,” “potential,” or “continue” or the negative of these terms or other similar expressions. The forward-looking sta
Slide 12: Forward-Looking Statements and Risk Factors
intellectual property rights or disputes regarding our intellectual property or the intellectual property of third parties, (27) the impact of any future strategic transactions, (28) restrictions imposed by our indebtedness on our current and future operations, including risks related to our variabl
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