US Market News
2月前
Floor & Decor Holdings, Inc. Announces First Quarter Fiscal 2026 Financial ResultsApril 30, 2026 4:05 PM
Business Wire
Net sales of $1,152.3 million decreased 0.7% from the first quarter of fiscal 2025
Comparable store sales decreased 3.7%
Diluted EPS of $0.37
Opened six new warehouse stores
Announces $400 million share repurchase program
Floor & Decor Holdings, Inc. (NYSE: FND) (“We,” “Our,” the “Company,” or “Floor & Decor”) announces its financial results for the first quarter of fiscal 2026, which ended March 26, 2026.
Brad Paulsen, Chief Executive Officer, stated, “We are proud of how our teams executed our strategy in a challenging demand environment for big-ticket discretionary purchases, against a backdrop of elevated 30-year mortgage rates and heightened geopolitical tensions in the Middle East that contributed to higher gas prices and a decline in consumer sentiment. These dynamics resulted in our fiscal 2026 first-quarter earnings being weaker than we anticipated. We delivered diluted earnings per share of $0.37, compared to $0.45 in the same period last year.”
Paulsen added, “Consistent with our disciplined capital-allocation framework, we announced today that our Board of Directors has authorized a share repurchase program for up to $400 million of outstanding common stock. This action reflects the continued long-term strength of our operating model and cash flows. We believe today’s uncertain economic environment has created a disconnect between our long-term intrinsic value and our share price. We remain focused on opening new warehouse stores, reinvesting in our existing footprint, and investing in our commercial flooring platforms and other new growth initiatives. As we execute against these priorities, our strong cash generation enables us to also return excess capital to shareholders through disciplined share repurchases. In fiscal 2026, we intend to open 20 new warehouse stores toward our long-term opportunity of operating 500 warehouse stores in the United States.”
Please see “Comparable Store Sales” below for information on how the Company calculates period-over-period changes in comparable store sales.
For the Thirteen Weeks Ended March 26, 2026
Net sales of $1,152.3 million decreased 0.7% from $1,160.7 million in the first quarter of fiscal 2025.
Comparable store sales decreased 3.7%.
We opened six new warehouse stores, ending the quarter with 276 warehouse stores, five design studios, and five distribution centers.
Operating income of $52.4 million decreased 18.4% from $64.2 million in the first quarter of fiscal 2025. Operating margin of 4.5% decreased 100 basis points from the first quarter of fiscal 2025.
Net income of $39.7 million decreased 18.8% from $48.9 million in the first quarter of fiscal 2025. Diluted earnings per share (“EPS”) of $0.37 decreased 17.8% from $0.45 in the first quarter of fiscal 2025.
Adjusted EBITDA* of $121.5 million decreased 6.4% from $129.8 million in the first quarter of fiscal 2025.
*Non-GAAP financial measure. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures” below for more information.
Updated Outlook for the Fiscal Year Ending December 31, 2026:
The Company will report 53 weeks of operating results in fiscal 2026 and provides the following guidance for fiscal 2026:
Net sales of approximately $4,770 million to $4,990 million
The 53rd week is expected to contribute approximately $65 million to net sales
Comparable store sales of approximately (4.0)% to flat
Diluted EPS of approximately $1.83 to $2.08
The 53rd week is expected to contribute approximately $0.08 to diluted EPS
Adjusted EBITDA* of approximately $545 million to $580 million
The 53rd week is expected to contribute approximately $11 million to Adjusted EBITDA*
Depreciation and amortization expense of approximately $250 million
Interest expense, net of approximately $4 million
Tax rate of approximately 22.5% to 23.0%
Diluted weighted average shares outstanding of approximately 109 million shares
Open 20 new warehouse stores
Capital expenditures of approximately $250 million to $300 million
*Non-GAAP financial measure. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures” below for more information.
Conference Call Details
A conference call to discuss the first quarter fiscal 2026 financial results is scheduled for today, April 30, 2026, at 5:00 p.m. Eastern Time. A live audio webcast of the conference call, together with related materials, will be available online at ir.flooranddecor.com.
A recorded replay of the conference call will be available approximately three hours after the conclusion of the call and can be accessed both online at ir.flooranddecor.com and by dialing 844-512-2921 (international callers please dial 412-317-6671). The pin number to access the telephone replay is 13759837. The replay will be available until May 7, 2026.
About Floor & Decor Holdings, Inc.
Floor & Decor is a multi-channel specialty retailer of hard surface flooring and related accessories and seller of commercial surfaces. As of March 26, 2026, the Company operated 276 warehouse-format stores and five design studios across 39 states. The Company offers a broad in-stock assortment of laminate and vinyl, tile, wood, and natural stone flooring and installation materials and decorative accessories, as well as adjacent categories, at everyday low prices. The Company was founded in 2000 and is headquartered in Atlanta, Georgia.
Comparable Store Sales
Comparable store sales refer to period-over-period comparisons of our net sales at the time of sale among the comparable store base. A store is included in the comparable store sales calculation on the first day of the thirteenth full fiscal month following a store’s opening, which is when we believe comparability has been achieved. Changes in our comparable store sales between two periods are based on net sales at the time of sale for stores that were in operation during both of the two periods. Any change in the square footage of an existing comparable store, including for remodels and relocations within the same primary trade area of the existing store being relocated, does not eliminate that store from inclusion in the calculation of comparable store sales. Stores that are closed for a full fiscal month or longer are excluded from the comparable store sales calculation for each full fiscal month that they are closed. Since our e-commerce, regional account manager, and design studio sales are fulfilled by individual stores, they are included in comparable store sales only to the extent the fulfilling store meets the above mentioned store criteria. Sales through our Spartan Surfaces, LLC (“Spartan”) subsidiary do not involve our stores and are therefore excluded from the comparable store sales calculation. When a fiscal year includes a 53rd week, we exclude the 53rd week of sales from our calculation.
Non-GAAP Financial Measures
EBITDA and Adjusted EBITDA (which are shown in the reconciliation below) are supplemental measures of financial performance that are not required by or presented in accordance with accounting principles generally accepted in the United States (“GAAP”). We define EBITDA as net income before interest, taxes, and depreciation and amortization. We define Adjusted EBITDA as net income before interest, taxes, and depreciation and amortization adjusted to eliminate the impact of non-cash stock-based compensation expense and certain items that we do not consider indicative of our core operating performance. See below for a reconciliation of EBITDA and Adjusted EBITDA to net income, the most directly comparable financial measure calculated and presented in accordance with GAAP.
EBITDA and Adjusted EBITDA are key metrics used by management and our Board of Directors to assess our financial performance and enterprise value. We believe that EBITDA and Adjusted EBITDA are useful measures, as they eliminate certain items that are not indicative of our core operating performance and facilitate comparisons on a consistent basis from period to period. We also use Adjusted EBITDA as a basis to determine covenant compliance with respect to our ABL Facility and Term Loan Facility (together, the “Credit Facilities”), to supplement GAAP measures of performance to evaluate the effectiveness of our business strategies, to make budgeting decisions, and to compare our performance against that of other peer companies using similar measures. EBITDA and Adjusted EBITDA are also frequently used by analysts, investors, and other interested parties as performance measures to evaluate companies in our industry.
EBITDA and Adjusted EBITDA are non-GAAP measures of our financial performance and should not be considered as alternatives to net income as a measure of financial performance or any other performance measure derived in accordance with GAAP, and they should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Additionally, EBITDA and Adjusted EBITDA are not intended to be measures of liquidity or free cash flow for management’s discretionary use. In addition, these non-GAAP measures exclude certain non-recurring and other charges. Each of these non-GAAP measures has its limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP. In evaluating EBITDA and Adjusted EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the items eliminated in the adjustments made to determine EBITDA and Adjusted EBITDA, such as stock-based compensation expense, fair value adjustments related to contingent earn-out liabilities, and other adjustments. Definitions and calculations of EBITDA and Adjusted EBITDA differ among companies in the retail industry, and therefore EBITDA and Adjusted EBITDA disclosed by us may not be comparable to the metrics disclosed by other companies.
Please see “Reconciliation of GAAP to Non-GAAP Financial Measures” below for reconciliations of non-GAAP financial measures used in this release to their most directly comparable GAAP financial measures. The Company does not provide a reconciliation of forward-looking measures where it believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors and the Company is unable to reasonably predict certain items contained in these measures without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amount of various items that have not yet occurred and are out of the Company’s control or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
Floor & Decor Holdings, Inc.
Condensed Consolidated Statements of Income
(In thousands, except for per share data)
(Unaudited)
Thirteen Weeks Ended
March 26, 2026
March 27, 2025
% Increase
(Decrease)
Amount
% of Net Sales
Amount
% of Net Sales
Net sales
$
1,152,278
100.0
%
$
1,160,740
100.0
%
(0.7
)%
Cost of sales
644,827
56.0
652,572
56.2
(1.2
)%
Gross profit
507,451
44.0
508,168
43.8
(0.1
)%
Selling, general and administrative expenses
455,055
39.5
443,939
38.3
2.5
%
Operating income
52,396
4.5
64,229
5.5
(18.4
)%
Interest expense, net
1,133
0.1
1,548
0.1
(26.8
)%
Income before income taxes
51,263
4.4
62,681
5.4
(18.2
)%
Income tax expense
11,554
1.0
13,803
1.2
(16.3
)%
Net income
$
39,709
3.4
%
$
48,878
4.2
%
(18.8
)%
Basic weighted average shares outstanding
107,932
107,455
Diluted weighted average shares outstanding
108,512
108,442
Basic earnings per share
$
0.37
$
0.45
(17.8
)%
Diluted earnings per share
$
0.37
$
0.45
(17.8
)%
Floor & Decor Holdings, Inc.
Condensed Consolidated Balance Sheets
(In thousands, except for share and per share data)
(Unaudited)
March 26, 2026
December 25, 2025
Assets
Current assets:
Cash and cash equivalents
$
293,632
$
249,296
Income taxes receivable
8,279
7,270
Receivables, net
104,329
94,068
Inventories, net
1,149,021
1,133,083
Prepaid expenses and other current assets
49,727
44,214
Total current assets
1,604,988
1,527,931
Fixed assets, net
1,867,108
1,856,127
Right-of-use assets
1,630,963
1,617,772
Intangible assets, net
145,636
146,536
Goodwill
257,940
257,940
Deferred income tax assets, net
20,709
19,298
Other assets
48,959
43,754
Total long-term assets
3,971,315
3,941,427
Total assets
$
5,576,303
$
5,469,358
Liabilities and stockholders’ equity
?
Current liabilities:
?
Current portion of term loan
$
196,115
$
2,629
Current portion of lease liabilities
160,523
155,661
Trade accounts payable
735,394
683,675
Accrued expenses and other current liabilities
284,434
298,740
Deferred revenue
18,627
10,685
Total current liabilities
1,395,093
1,151,390
Term loan
—
193,589
Lease liabilities
1,649,971
1,639,598
Deferred income tax liabilities, net
47,271
49,479
Other liabilities
27,231
26,466
Total long-term liabilities
1,724,473
1,909,132
Total liabilities
3,119,566
3,060,522
Stockholders’ equity
?
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at March 26, 2026 and December 25, 2025
—
—
Common stock Class A, $0.001 par value; 450,000,000 shares authorized; 108,094,150 shares issued and outstanding at March 26, 2026 and 107,774,329 shares issued and outstanding at December 25, 2025
108
108
Additional paid-in capital
585,953
577,786
Accumulated other comprehensive income, net
47
22
Retained earnings
1,870,629
1,830,920
Total stockholders’ equity
2,456,737
2,408,836
Total liabilities and stockholders’ equity
$
5,576,303
$
5,469,358
Floor & Decor Holdings, Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Thirteen Weeks Ended
March 26, 2026
March 27, 2025
Operating activities
Net income
$
39,709
?
$
48,878
Adjustments to reconcile net income to net cash provided by operating activities:
?
?
Depreciation and amortization
61,329
?
59,965
Stock-based compensation expense
8,369
?
6,580
Deferred income taxes
(3,139
)
?
(5,188
)
Changes in operating assets and liabilities:
?
?
Receivables, net
(10,261
)
?
1,067
Inventories, net
(15,938
)
?
(56,719
)
Trade accounts payable
46,478
?
20,668
Accrued expenses and other current liabilities
(15,430
)
?
(20,344
)
Income taxes
(178
)
?
18,125
Deferred revenue
7,942
?
1,433
Other, net
(9,633
)
?
(3,301
)
Net cash provided by operating activities
109,248
?
71,164
Investing activities
?
Purchases of fixed assets
(63,434
)
?
(66,728
)
Net cash used in investing activities
(63,434
)
(66,728
)
Financing activities
?
Payments on term loan
(526
)
?
(526
)
Payments of contingent earn-out liabilities
(750
)
(806
)
Proceeds from exercise of stock options
2,534
?
1,288
Proceeds from employee stock purchase plan
2,882
?
3,081
Tax payments for stock-based compensation awards
(5,618
)
(8,212
)
Net cash used in financing activities
(1,478
)
?
(5,175
)
Net increase (decrease) in cash and cash equivalents
44,336
?
(739
)
Cash and cash equivalents, beginning of the period
249,296
?
187,669
Cash and cash equivalents, end of the period
$
293,632
?
$
186,930
Supplemental disclosures of cash flow information
?
?
Buildings and equipment acquired under operating leases
$
53,520
?
$
303,474
Cash paid for interest, net of capitalized interest
$
2,647
?
$
2,595
Cash paid for income taxes, net of refunds
$
15,344
$
773
Fixed assets accrued at the end of the period
$
54,149
?
$
65,635
Floor & Decor Holdings, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures
(In thousands)
(Unaudited)
EBITDA and Adjusted EBITDA
Thirteen Weeks Ended
March 26, 2026
March 27, 2025
Net income (GAAP):
$
39,709
$
48,878
Depreciation and amortization (1)
60,728
59,387
Interest expense, net
1,133
1,548
Income tax expense
11,554
13,803
EBITDA
113,124
123,616
Stock-based compensation expense (2)
8,369
6,580
Other (3)
—
(375
)
Adjusted EBITDA
$
121,493
$
129,821
(1)
Excludes amortization of deferred financing costs, which is included as part of interest expense, net.
(2)
Represents non-cash charges related to stock-based compensation programs, which vary from period to period depending on the timing of awards and forfeitures.
(3)
Other adjustments include amounts management does not consider indicative of our core operating performance. The amount for the thirteen weeks ended March 27, 2025 relates to the change in the fair value of the contingent earn-out liability.
Forward-Looking Statements
This release and the associated webcast/conference call contain forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact contained in this release and the associated webcast/conference call, including statements regarding the Company’s future operating results and financial position, business strategy and plans, and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by 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 statements contained in this release and the associated webcast/conference call are based on our current expectations, assumptions, estimates, and projections regarding the Company’s business, the economy, and other future conditions. These statements involve known and unknown risks, uncertainties, and other important factors that may cause the Company’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements.
Although the Company believes that the expectations reflected in the forward-looking statements in this release and the associated webcast/conference call are reasonable, the Company cannot guarantee future events, results, performance or achievements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements in this release or the associated webcast/conference call, including, without limitation, (1) macroeconomic headwinds, including high interest rates and weak home sales, (2) our failure to successfully manage new store growth or higher than expected costs, (3) our ability to manage our comparable store sales, (4) our inability to lease or acquire new store locations on acceptable terms, renew or replace our current store leases, or make payments under our leases, (5) our failure to maintain and enhance our brand image and awareness, (6) our failure to successfully anticipate and manage trends, consumer preferences, and demand, (7) our inability to successfully manage increased competition, (8) adverse changes in global trade policies, tariffs, or import enforcement actions, any of which could impact our ability to import from foreign suppliers, raise our costs, or disrupt our supply chain, (9) our inability to manage our inventory, including the impact of inventory obsolescence, shrink, and damage, (10) any disruption in our distribution capabilities, supply chain, and our related planning and control processes, including carrier capacity constraints, blocked trade lanes, port congestion, strike, or shut down, and other supply chain costs or product shortages, (11) any increases in wholesale prices of products, materials, and transportation costs beyond our control, including increases in costs due to inflation or tariffs, (12) the resignation, incapacitation, or death of any key personnel, including our executive officers, (13) our inability to attract, hire, train, and retain highly qualified managers and staff, (14) the impact of any labor activities, (15) our dependence on foreign imports for the products we sell, including risks associated with obtaining products from abroad, (16) any failure by any of our suppliers to supply us with quality products on attractive terms and prices or to adhere to the quality standards that we set for our products, (17) our inability to locate sufficient suitable natural products, (18) the effects of weather conditions, natural disasters, or other unexpected events, including public health crises, that may disrupt our operations, (19) personal injury, product liability and warranty claims and related governmental investigations, (20) any allegations, investigations, lawsuits, or violations of laws and regulations applicable to us, our products, or our suppliers, (21) our inability to adequately protect the privacy and security of information related to our customers, us, our associates, our suppliers, and other third parties, (22) any material disruption in our information systems, including our website, (23) our inability to maintain sufficient levels of cash flow or liquidity to fund our expanding business and service our existing indebtedness, (24) new or changing laws or regulations, including tax laws and trade policies and regulations, (25) payments-related risks, (26) any failure to protect our 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 variable rate debt, (29) our implementation, continuation, or suspension of share repurchases, and (30) our ability to manage risks related to corporate social responsibility. Additional information concerning these and other factors are described in “Forward-Looking Statements,” Item 1, “Business,” Item 1A, “Risk Factors,” and Item 1C, “Cybersecurity” of Part I and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Item 9A, “Controls and Procedures” of Part II of the Company’s Annual Report on Form 10-K for the fiscal year ended December 25, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 19, 2026 (the “Annual Report”) and elsewhere in the Annual Report, as well as those described in Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 26, 2026 (the “10-Q”) and elsewhere in the 10-Q, and those described in the Company’s other filings with the SEC.
Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events. The forward-looking statements contained in this release or the associated webcast/conference call speak only as of the date hereof. New risks and uncertainties arise over time, and it is not possible for the Company to predict those events or how they may affect the Company. If a change to the events and circumstances reflected in the Company’s forward-looking statements occurs, the Company’s business, financial condition, and operating results may vary materially from those expressed in the Company’s forward-looking statements. Except as required by applicable law, the Company does not plan to publicly update or revise any forward-looking statements contained herein or in the associated webcast/conference call, whether as a result of any new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260430546432/en/
Investor Contact:
Wayne Hood
Senior Vice President of Investor Relations
678-505-4415
wayne.hood@flooranddecor.com
Original: Floor & Decor Holdings, Inc. Announces First Quarter Fiscal 2026 Financial Results
US Market News
4月前
Floor & Decor Announces First Central New York Store, in Syracuse, New YorkMarch 26, 2026 4:35 PM
Business Wire
--Leading high-growth retailer specializing in hard-surface flooring brings its expansive in-stock selection and warehouse-format shopping experience to Syracuse—
Floor & Decor (NYSE: FND), the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, today announced the grand opening of its newest warehouse store and design center, and first location in Central New York in Syracuse, at 300 Northern Lights Mall.
The Syracuse store will open with a team of approximately 35 full-time and 15 part-time associates, and is led by Brian Seginak, the store's Chief Executive Merchant.
Floor & Decor operates more than 270 warehouse-format stores and five design studios nationwide and offers a broad assortment of in-stock hard-surface flooring, including tile, wood, laminate, vinyl, and natural stone, along with decorative accessories and wall tile, installation materials, and related categories at everyday low prices.
"Bringing Floor & Decor to Syracuse is an exciting milestone for our team," said Seginak. "For more than 25 years, we've focused on making quality, trend-forward hard surface flooring accessible to everyone, and we're proud to extend that commitment to this community. We look forward to serving our new customers and helping bring their ideas to life."
Introducing 7 Days of Deals at the Syracuse Floor & Decor
In celebration of the new store opening, starting Tuesday, April 7 through Monday, April 13, Floor & Decor will host its first 7 Days of Deals promotion along with daily events at the Syracuse store, featuring giveaways, installation demonstrations from leading industry brands, and the chance to win a $1,000 Floor & Decor gift card each day throughout the duration. Full details are available at www.flooranddecor.com/syracusepro.
The week-long celebration includes the following daily events, only at the Syracuse location:
Tuesday, April 7 — Ribbon Cutting Ceremony:
Floor & Decor will host a Ribbon Cutting Ceremony on Tuesday, April 7 at 10 a.m. EDT, in partnership with the Cicero-Plank Road Chamber of Commerce and the Greater Liverpool Chamber of Commerce. A complimentary breakfast food truck will be onsite from 7 a.m. to 11 a.m., and free Floor & Decor branded buckets will be given to the first 200 customers.
Wednesday, April 8 — Schluter Day: Buy 10, Get 10% All Schluter Products
Schluter will be onsite with installation demonstrations at 8 a.m., 10 a.m., and 1 p.m., and for this day only, buy 10 of any Schluter product, get 10% off* only at the Syracuse location. Plus, free tote bags will be available for the first 200 customers.
Thursday, April 9 — Mapei Day: Buy 10, Get 10% All Mapei Products
Mapei will be onsite with installation demonstrations at 8 a.m., 10 a.m., and 1 p.m. For this day only, buy 10 of any Mapei product, get 10% off*, only at the Syracuse location. T-shirts will be given away to the first 200 customers.
Friday, April 10 — Laticrete Day: Buy 10, Get 10% All Laticrete Products
Laticrete will be onsite with installation demonstrations at 8 a.m., 10 a.m., and 1 p.m. For this day only, buy 10 of any Laticrete product, get 10% off* only at the Syracuse location. Plus, a free hat will be given to the first 200 customers.
Saturday, April 11 — Family Friendly Super Saturday Event
The celebration continues from 10 a.m. to 1 p.m. with the $1 Million Dice Roll, plus complimentary items from local businesses for the first 200 attendees, including soaps and body butters from SeaKissed Blends, candles from Camp Candle Bar, assorted candies and chocolate from Speach Family Candy Shoppe, and coffee and pastries from Cafe Blue.
Sunday, April 12 — Home Trend Presentation from Top Designers
Floor & Decor’s top designers will present the latest trends, and free samples available with a design appointment. Plus, a complimentary ice cream truck will be available from 2 p.m. to 4 p.m.
Monday, April 13 — wedi Day: Buy 10, Get 10% All wedi Products
wedi will be onsite with installation demonstrations at 8 a.m., 10 a.m., and 1 p.m. For this day only at the Syracuse location, buy 10 of any wedi product, get 10% off*, plus a free tumbler will be given to the first 200 customers.
$5,000 Floor Makeover Sweepstakes
Now through June 1, 2026, customers can enter the $5,000 Floor Makeover Sweepstakes for a chance to win a flooring makeover. Entries are available online at www.floormakeoversyracuse.com.
"Supporting our community is a top priority," said Seginak. "Their success is our success."
Store Facts & Features
Location: 300 Northern Lights Mall, Syracuse, NY 13212
Store Hours: Monday–Friday 7 a.m.–8 p.m.; Saturday 8 a.m.–7 p.m.; Sunday 10 a.m.–6 p.m. EDT
Phone Number: (315) 263-3896
For more information, visit www.flooranddecor.com or follow Floor & Decor on Instagram at instagram.com/flooranddecor.
About Floor & Decor Holdings, Inc. Floor & Decor is a multi-channel specialty retailer of hard surface flooring and related accessories and a commercial flooring distributor. At the end of fiscal 2025, the Company operated 270 warehouse-format stores and five design studios across 39 states. The Company offers a broad in-stock assortment of laminate and vinyl, tile, wood, and natural stone flooring, installation materials, decorative accessories, and adjacent categories at everyday low prices. Founded in 2000, Floor & Decor is headquartered in Atlanta, Georgia.
*Must be at least 18 years old to enter the $5,000 Floor Makeover Sweepstakes and $1M Dice Roll.
*Buy 10 of the same item and receive 10% off. Offer valid only on in-store merchandise during the grand opening promotion, on the specified date, and for the designated brand. Discount applied at checkout. Cannot be combined with other offers.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260326783295/en/
MEDIA CONTACT:
Kristen Myers
Agean Public Relations
Kristen.Myers@ageanpr.com
732-947-1366
Original: Floor & Decor Announces First Central New York Store, in Syracuse, New York
US Market News
4月前
Floor & Decor Announces Grand Opening of Two New Stores in Fayetteville, North Carolina and Vacaville, CaliforniaFebruary 26, 2026 4:35 PM
Business Wire
— Leading specialty flooring retailer expands coast-to-coast with two new warehouse-format locations and celebrates with local community events and giveaways—
Floor & Decor (NYSE: FND), the nation’s leading specialty retailer of hard-surface flooring for homeowners and professionals, today announced the grand openings of new warehouse-format stores and design centers in Fayetteville, North Carolina, and Vacaville, California. The openings support the company’s nationwide expansion and will bring more than 90 new jobs to the two communities.
“Each new location allows us to bring what Floor & Decor stands for to even more communities across the country, offering curated, high-quality materials sourced from around the globe, an exceptional selection at accessible prices, and a service experience built on real expertise,” said Steven Denny, Executive VP of Store Operations. “We’re proud to support both homeowners and Pros with the products, knowledge, and local teams they need to help bring design ideas to life.”
Floor & Decor operates more than 270 warehouse-format stores and design studios nationwide, offering a wide assortment of in-stock hard-surface flooring, including tile, wood, laminate, vinyl, and natural stone, along with decorative accessories, wall tile, installation materials, and related categories, all at everyday low prices. Both new locations will feature dedicated PRO Services teams designed to support contractors, designers, and builders with personalized service and perks.
Fayetteville, North Carolina
Floor & Decor’s Fayetteville store, located at 1748 Skibo Road, will open approximately 35 full-time and 15 part-time associates, led by Quentin Kaiser, Chief Executive Merchant.
“We’re thrilled to open in Fayetteville and serve both homeowners and professionals with the selection, value, and expertise they need to bring their projects to life,” said Kaiser.
A Ribbon Cutting Ceremony will take place on Wednesday, February 25, 2026, at 10:00 a.m. ET, in partnership with the Greater Fayetteville Chamber of Commerce.
Local Pros and community members are invited to attend the Fayetteville Grand Opening Celebration on Saturday, March 28, 2026, from 11:00 a.m.–2:00 p.m. ET, featuring networking with the on-site PRO Services Team, lunch, and prize giveaways including a 2026 Jeep Gladiator, iPad, Apple Watch, Yeti Cooler, and Carhartt Duffle. RSVP at www.flooranddecor.com/fayettevillepro.
Vacaville, California
On the West Coast, Floor & Decor will also open a new location at 868 Alamo Drive in Vacaville, led by Chief Executive Merchant Mignon Ferguson and approximately 40 associates.
A Ribbon Cutting Ceremony will be held on Thursday, February 26, 2026, at 10:00 a.m. PT, in partnership with the Vacaville Chamber of Commerce.
The Vacaville Grand Opening Celebration will take place on Saturday, March 7, 2026, from 11:00 a.m.–2:00 p.m. PT, featuring networking opportunities, lunch, and a $10,000 giveaway. RSVP at www.flooranddecor.com/vacavillepro.
“Supporting our community is a top priority,” said Ferguson. “Their success is our success.”
Super Saturday Celebrations
Both locations will host family-friendly Super Saturday events, open to the public on Saturday, February 28, 2026, from 10:00 a.m.–1:00 p.m. local time.
During Super Saturday, guests can participate in Floor & Decor’s Crack the Code game*, where participants will have a chance to win up to $100,000 by correctly entering a five-digit code.
The Vacaville event will feature local businesses including Journey Coffee Co., serving hot and cold brew coffee, and Lockwood Acres, offering jars of flavored jellies and garlic salt free for the first 200 customers.
The Fayetteville event will feature local businesses, including Scented Wicks, Popcorn Is Us, The Coffee Scene, and Stoneage Natural Rocks & Crystals, with complimentary offerings available to the first 200 customers.
The first 200 attendees at the Fayetteville event may have a chance of winning up to $1 million in Floor & Decor’s Million Dollar Dice Roll* game. Participants (18+) will roll six customized dice—each marked with a letter to spell “F-L-O-O-R-S”—for a chance to win:
Roll any four letters: $100 Floor & Decor merchandise card
Roll any five letters: $1,000 Floor & Decor merchandise card
Roll all six letters to spell FLOORS: $1 million grand prize
$5,000 Floor Makeover Sweepstakes
To celebrate both grand openings, Floor & Decor will give away a $5,000 Floor Makeover in each market. Entries for the Vacaville giveaway will be accepted from February 15 through April 25, 2026, at www.floormakeovervacaville.com, while entries for the Fayetteville giveaway will be accepted from February 15 through April 27, 2026, at www.floormakeoverfayetteville.com.
Store Facts & Features
Fayetteville, NC
Location: 1748 Skibo Rd, Fayetteville, NC 28308
Hours: Mon–Fri 7 a.m.–8 p.m.; Sat 8 a.m.–7 p.m.; Sun 10 a.m.–6 p.m. ET
Phone: (910) 475-1551
Vacaville, CA
Location: 868 Alamo Dr, Vacaville, CA 95688
Hours: Mon–Fri 7 a.m.–8 p.m.; Sat 8 a.m.–7 p.m.; Sun 10 a.m.–6 p.m. PT
Phone: (707) 471-5711
For more information, visit www.flooranddecor.com or follow Floor & Decor on Instagram at instagram.com/flooranddecor.
About Floor & Decor Holdings, Inc.
Floor & Decor is a multi-channel specialty retailer of hard surface flooring and related accessories and a commercial flooring distributor. At the end of fiscal 2025, the Company operated 270 warehouse-format stores and five design studios across 39 states. The Company offers a broad in-stock assortment of laminate and vinyl, tile, wood, and natural stone flooring, installation materials, decorative accessories, and adjacent categories at everyday low prices. Founded in 2000, Floor & Decor is headquartered in Atlanta, Georgia.
*Must be at least 18 years old to enter the $5,000 Floor Makeover, Crack the Code, and $1M Dice Roll.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260226721058/en/
MEDIA CONTACT: Kristen Myers
Agean Public Relations
kristen.myers@ageanpr.com
732-947-1366
Original: Floor & Decor Announces Grand Opening of Two New Stores in Fayetteville, North Carolina and Vacaville, California
US Market News
5月前
Floor & Decor Holdings, Inc. Announces Fourth Quarter and Fiscal 2025 Financial ResultsFebruary 19, 2026 4:05 PM
Business Wire
Highlights for the Fourth Quarter of Fiscal 2025:
Net sales of $1,129.7 million increased 2.0% from the fourth quarter of fiscal 2024
Comparable store sales decreased 4.8%
Diluted EPS of $0.36
Opened eight new warehouse stores
Floor & Decor Holdings, Inc. (NYSE: FND) (“We,” “Our,” the “Company,” or “Floor & Decor”) announces its financial results for the fourth quarter and full year of fiscal 2025, which ended December 25, 2025.
Brad Paulsen, Chief Executive Officer, stated, “We are pleased to deliver fiscal 2025 fourth quarter diluted earnings per share of $0.36, in line with the midpoint of the earnings guidance provided on our third quarter earnings conference call. For the full fiscal year, diluted earnings per share was $1.92, compared with $1.90 in the prior year. I’m incredibly proud of what our teams accomplished in 2025. Despite pressure on comparable store sales driven by softness in existing home sales activity, we expanded our market share, navigated tariff complexities, increased our gross margin rate, opened 20 new warehouse stores, and delivered year-over-year earnings growth. This performance reflects the resilience of our model and our unwavering commitment to disciplined execution and strategic investments in our future.”
Please see “Comparable Store Sales” below for information on how the Company calculates period-over-period changes in comparable store sales.
For the Fiscal Quarter Ended December 25, 2025
Net sales of $1,129.7 million increased 2.0% from $1,107.4 million in the fourth quarter of fiscal 2024.
Comparable store sales decreased 4.8%.
We opened eight new warehouse stores, ending the quarter with 270 warehouse stores, five design studios, and five distribution centers.
Operating income of $51.9 million decreased 12.3% from $59.2 million in the fourth quarter of fiscal 2024. Operating margin of 4.6% decreased 80 basis points from the fourth quarter of fiscal 2024.
Net income of $39.3 million decreased 17.2% from $47.5 million in the fourth quarter of fiscal 2024. Diluted earnings per share (“EPS”) of $0.36 decreased 18.2% from $0.44 in the fourth quarter of fiscal 2024.
Adjusted EBITDA* of $119.4 million decreased 0.3% from $119.8 million in the fourth quarter of fiscal 2024.
For the Fiscal Year Ended December 25, 2025
Net sales of $4,684.1 million increased 5.1% from $4,455.8 million in fiscal 2024.
Comparable store sales decreased 1.8%.
We opened 20 new warehouse stores, closed one warehouse store, and opened a new distribution center.
Operating income of $270.1 million increased 5.4% from $256.2 million in fiscal 2024. Operating margin of 5.8% was flat compared to fiscal 2024.
Net income of $208.6 million increased 1.3% from $205.9 million in fiscal 2024. Diluted EPS of $1.92 increased 1.1% from $1.90 in fiscal 2024.
Adjusted EBITDA* of $538.2 million increased 5.0% from $512.5 million in fiscal 2024.
*Non-GAAP financial measure. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures” below for more information.
Fiscal 2026 Guidance:
The Company will report 53 weeks of operating results in fiscal 2026 and provides the following guidance for fiscal 2026:
Net sales of approximately $4,880 million to $5,030 million
The 53rd week is expected to contribute approximately $65 million to net sales
Comparable store sales of approximately (2.0)% to 1.0%
Diluted EPS of approximately $1.98 to $2.18
The 53rd week is expected to contribute approximately $0.08 to diluted EPS
Adjusted EBITDA* of approximately $560 million to $590 million
The 53rd week is expected to contribute approximately $11 million to Adjusted EBITDA*
Depreciation and amortization expense of approximately $245 million
Interest expense, net of approximately $5 million
Tax rate of approximately 21.5% to 22.0%
Diluted weighted average shares outstanding of approximately 109 million shares
Open 20 new warehouse stores
Capital expenditures of approximately $250 million to $300 million
*Non-GAAP financial measure. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures” below for more information.
Conference Call Details
A conference call to discuss the fourth quarter and fiscal year 2025 financial results is scheduled for today, February 19, 2026, at 5:00 p.m. Eastern Time. A live audio webcast of the conference call, together with related materials, will be available online at ir.flooranddecor.com.
A recorded replay of the conference call will be available approximately three hours after the conclusion of the call and can be accessed both online at ir.flooranddecor.com and by dialing 844-512-2921 (international callers please dial 412-317-6671). The pin number to access the telephone replay is 13758035. The replay will be available until February 26, 2026.
About Floor & Decor Holdings, Inc.
Floor & Decor is a multi-channel specialty retailer of hard surface flooring and related accessories and seller of commercial surfaces. As of December 25, 2025, the Company operated 270 warehouse-format stores and five design studios across 39 states. The Company offers a broad in-stock assortment of laminate and vinyl, tile, wood, and natural stone flooring and installation materials and decorative accessories, as well as adjacent categories, at everyday low prices. The Company was founded in 2000 and is headquartered in Atlanta, Georgia.
Comparable Store Sales
Comparable store sales refer to period-over-period comparisons of our net sales at the time of sale among the comparable store base. A store is included in the comparable store sales calculation on the first day of the thirteenth full fiscal month following a store’s opening, which is when we believe comparability has been achieved. Changes in our comparable store sales between two periods are based on net sales at the time of sale for stores that were in operation during both of the two periods. Any change in the square footage of an existing comparable store, including for remodels and relocations within the same primary trade area of the existing store being relocated, does not eliminate that store from inclusion in the calculation of comparable store sales. Stores that are closed for a full fiscal month or longer are excluded from the comparable store sales calculation for each full fiscal month that they are closed. Since our e-commerce, regional account manager, and design studio sales are fulfilled by individual stores, they are included in comparable store sales only to the extent the fulfilling store meets the above mentioned store criteria. Sales through our Spartan Surfaces, LLC (“Spartan”) subsidiary do not involve our stores and are therefore excluded from the comparable store sales calculation. When a fiscal year includes a 53rd week, we exclude the 53rd week of sales from our calculation.
Non-GAAP Financial Measures
EBITDA and Adjusted EBITDA (which are shown in the reconciliation below) are presented as supplemental measures of financial performance that are not required by, or presented in accordance with, accounting principles generally accepted in the United States (“GAAP”). We define EBITDA as net income before interest, taxes, and depreciation and amortization. We define Adjusted EBITDA as net income before interest, taxes, and depreciation and amortization adjusted to eliminate the impact of non-cash stock-based compensation expense and certain items that we do not consider indicative of our core operating performance. Reconciliations of these measures to the most directly comparable GAAP financial measure are set forth in the table below.
EBITDA and Adjusted EBITDA are key metrics used by management and our board of directors to assess our financial performance and enterprise value. We believe that EBITDA and Adjusted EBITDA are useful measures, as they eliminate certain items that are not indicative of our core operating performance and facilitate comparisons on a consistent basis from period to period. We also use Adjusted EBITDA as a basis to determine covenant compliance with respect to our credit facilities, to supplement GAAP measures of performance to evaluate the effectiveness of our business strategies, to make budgeting decisions, and to compare our performance against that of other peer companies using similar measures. EBITDA and Adjusted EBITDA are also frequently used by analysts, investors and other interested parties to evaluate companies in our industry.
EBITDA and Adjusted EBITDA are non-GAAP measures of our financial performance and should not be considered as alternatives to net income as a measure of financial performance, or any other performance measure derived in accordance with GAAP, and they should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Additionally, EBITDA and Adjusted EBITDA are not intended to be measures of liquidity or free cash flow for management’s discretionary use. In addition, these non-GAAP measures exclude certain non-recurring and other charges. Each of these non-GAAP measures has its limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP. In evaluating EBITDA and Adjusted EBITDA, you should be aware that in the future we may incur expenses that are the same as or similar to some of the items eliminated in the adjustments made to determine EBITDA and Adjusted EBITDA, such as stock-based compensation expense, litigation settlement recovery, fair value adjustments related to contingent earn-out liabilities, and other adjustments. Definitions and calculations of EBITDA and Adjusted EBITDA differ among companies in the retail industry, and therefore EBITDA and Adjusted EBITDA disclosed by us may not be comparable to the metrics disclosed by other companies.
Please see “Reconciliation of GAAP to Non-GAAP Financial Measures” below for reconciliations of non-GAAP financial measures used in this release to their most directly comparable GAAP financial measures. The Company does not provide a reconciliation of forward-looking measures where it believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors and the Company is unable to reasonably predict certain items contained in these measures without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amount of various items that have not yet occurred and are out of the Company’s control or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
Floor & Decor Holdings, Inc.
Consolidated Statements of Income
(In thousands, except for per share data)
(Unaudited)
Fiscal Quarter Ended
December 25, 2025
December 26, 2024
% Increase
(Decrease)
Amount
% of Net Sales
Amount
% of Net Sales
Net sales
$
1,129,671
100.0
%
$
1,107,416
100.0
%
2.0
%
Cost of sales
638,575
56.5
626,095
56.5
2.0
%
Gross profit
491,096
43.5
481,321
43.5
2.0
%
Selling, general and administrative expenses
439,166
38.9
422,101
38.1
4.0
%
Operating income
51,930
4.6
59,220
5.4
(12.3
)%
Interest expense (income), net
194
—
(34
)
—
(670.6
)%
Income before income taxes
51,736
4.6
59,254
5.4
(12.7
)%
Income tax expense
12,405
1.1
11,770
1.1
5.4
%
Net income
$
39,331
3.5
%
$
47,484
4.3
%
(17.2
)%
Basic weighted average shares outstanding
107,763
107,300
Diluted weighted average shares outstanding
108,427
108,431
Basic earnings per share
$
0.36
$
0.44
(18.2
)%
Diluted earnings per share
$
0.36
$
0.44
(18.2
)%
Fiscal Year Ended
December 25, 2025
December 26, 2024
% Increase
(Decrease)
Amount
% of Net Sales
Amount
% of Net Sales
Net sales
$
4,684,088
100.0
%
$
4,455,770
100.0
%
5.1
%
Cost of sales
2,640,180
56.4
2,527,519
56.7
4.5
%
Gross profit
2,043,908
43.6
1,928,251
43.3
6.0
%
Selling, general and administrative expenses
1,773,838
37.8
1,672,075
37.5
6.1
%
Operating income
270,070
5.8
256,176
5.8
5.4
%
Interest expense (income), net
3,409
0.1
2,773
0.1
22.9
%
Income before income taxes
266,661
5.7
253,403
5.7
5.2
%
Income tax expense
58,014
1.2
47,531
1.1
22.1
%
Net income
$
208,647
4.5
%
$
205,872
4.6
%
1.3
%
Basic weighted average shares outstanding
107,639
107,075
Diluted weighted average shares outstanding
108,419
108,319
Basic earnings per share
$
1.94
$
1.92
1.0
%
Diluted earnings per share
$
1.92
$
1.90
1.1
%
Consolidated Balance Sheets
(In thousands, except for share and per share data)
(Unaudited)
December 25,
2025
December 26,
2024
Assets
Current assets:
Cash and cash equivalents
$
249,296
$
187,669
Income taxes receivable
7,270
21,735
Receivables, net
94,068
101,486
Inventories, net
1,133,083
1,132,599
Prepaid expenses and other current assets
44,214
48,896
Total current assets
1,527,931
1,492,385
Fixed assets, net
1,856,127
1,786,587
Right-of-use assets
1,617,772
1,331,238
Intangible assets, net
146,536
150,203
Goodwill
257,940
257,940
Deferred income tax assets, net
19,298
17,082
Other assets
43,754
15,043
Total long-term assets
3,941,427
3,558,093
Total assets
$
5,469,358
$
5,050,478
Liabilities and stockholders’ equity
?
?
Current liabilities:
?
?
Current portion of term loan
$
2,629
$
2,103
Current portion of lease liabilities
155,661
138,646
Trade accounts payable
683,675
794,855
Accrued expenses and other current liabilities
298,740
295,425
Deferred revenue
10,685
13,163
Total current liabilities
1,151,390
1,244,192
Term loan
193,589
194,527
Lease liabilities
1,639,598
1,351,282
Deferred income tax liabilities, net
49,479
67,832
Other liabilities
26,466
22,487
Total long-term liabilities
1,909,132
1,636,128
Total liabilities
3,060,522
2,880,320
Stockholders’ equity
?
?
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 25, 2025 and December 26, 2024
—
—
Common stock Class A, $0.001 par value; 450,000,000 shares authorized; 107,774,329 shares issued and outstanding at December 25, 2025 and 107,356,999 issued and outstanding at December 26, 2024
108
107
Additional paid-in capital
577,786
547,818
Accumulated other comprehensive income (loss), net
22
(40
)
Retained earnings
1,830,920
1,622,273
Total stockholders’ equity
2,408,836
2,170,158
Total liabilities and stockholders’ equity
$
5,469,358
$
5,050,478
Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Fiscal Year Ended
December 25, 2025
December 26, 2024
Operating activities
Net income
$
208,647
$
205,872
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
241,160
232,473
Stock-based compensation expense
29,505
33,695
Deferred income taxes
(20,556
)
(1,807
)
Loss on asset impairments and disposals, net
524
2,103
Change in fair value of contingent earn-out liabilities
(375
)
(866
)
Changes in operating assets and liabilities:
Receivables, net
7,418
(1,973
)
Inventories, net
(484
)
(26,449
)
Trade accounts payable
(115,030
)
122,338
Accrued expenses and other current liabilities
26,002
31,477
Income taxes
14,133
5,657
Deferred revenue
(2,478
)
1,886
Other, net
(6,630
)
(1,251
)
Net cash provided by operating activities
381,836
603,155
Investing activities
?
Purchases of fixed assets
(317,764
)
?
(446,826
)
Net cash used in investing activities
(317,764
)
(446,826
)
Financing activities
?
Payments on term loan
(2,103
)
(2,103
)
Borrowings on revolving line of credit
—
258,600
Payments on revolving line of credit
—
(258,600
)
Payments of contingent earn-out liabilities
(806
)
(2,002
)
Proceeds from exercise of stock options
3,453
10,115
Proceeds from employee stock purchase plan
5,970
5,459
Tax payments for stock-based compensation awards
(8,959
)
(14,511
)
Net cash used in financing activities
(2,445
)
(3,042
)
Net increase in cash and cash equivalents
61,627
153,287
Cash and cash equivalents, beginning of the period
187,669
34,382
Cash and cash equivalents, end of the period
$
249,296
$
187,669
Supplemental disclosures of cash flow information
?
?
Buildings and equipment acquired under operating leases
$
439,745
$
186,937
Cash paid for interest, net of capitalized interest
$
9,123
$
5,830
Cash paid for income taxes, net of refunds
$
63,961
$
42,875
Fixed assets accrued at the end of the period
$
47,864
$
65,188
Reconciliation of GAAP to Non-GAAP Financial Measures
(In thousands)
(Unaudited)
EBITDA and Adjusted EBITDA
Fiscal Quarter Ended
December 25, 2025
December 26, 2024
Net income (GAAP):
$
39,331
$
47,484
Depreciation and amortization (1)
60,370
59,249
Interest expense (income), net
194
(34
)
Income tax expense
12,405
11,770
EBITDA
112,300
118,469
Stock-based compensation expense (2)
7,133
8,077
Litigation settlement recovery (3)
—
(6,794
)
Adjusted EBITDA
$
119,433
$
119,752
Fiscal Year Ended
December 25, 2025
December 26, 2024
Net income (GAAP):
$
208,647
$
205,872
Depreciation and amortization (1)
238,971
230,293
Interest expense (income), net
3,409
2,773
Income tax expense
58,014
47,531
EBITDA
509,041
486,469
Stock-based compensation expense (2)
29,505
33,695
Litigation settlement recovery (3)
—
(6,794
)
Other (4)
(375
)
(866
)
Adjusted EBITDA
$
538,171
$
512,504
(1)
Excludes amortization of deferred financing costs, which is included as part of interest expense (income), net.
(2)
Represents non-cash charges related to stock-based compensation programs, which vary from period to period depending on the timing of awards and forfeitures.
(3)
Represents net proceeds received related to the derivative litigation settlement in the fiscal quarter and year ended December 26, 2024.
(4)
Other adjustments include amounts management does not consider indicative of our core operating performance. Amounts for the fiscal years ended December 25, 2025 and December 26, 2024 relate to changes in the fair value of contingent earn-out liabilities.
Forward-Looking Statements
This release and the associated webcast/conference call contain forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact contained in this release and the associated webcast/conference call, including statements regarding the Company’s future operating results and financial position, business strategy and plans, and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by 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 statements contained in this release and the associated webcast/conference call are based on our current expectations, assumptions, estimates, and projections regarding the Company’s business, the economy, and other future conditions. These statements involve known and unknown risks, uncertainties, and other important factors that may cause the Company’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements.
Although the Company believes that the expectations reflected in the forward-looking statements in this release and the associated webcast/conference call are reasonable, the Company cannot guarantee future events, results, performance or achievements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements in this release or the associated webcast/conference call, including, without limitation, (1) macroeconomic headwinds, including high interest rates and weak home sales, (2) our failure to successfully manage new store growth or higher than expected costs, (3) our ability to manage our comparable store sales, (4) our inability to lease or acquire new store locations on acceptable terms, renew or replace our current store leases, or make payments under our leases, (5) our failure to maintain and enhance our brand image and awareness, (6) our failure to successfully anticipate and manage trends, consumer preferences, and demand, (7) our inability to successfully manage increased competition, (8) adverse changes in global trade policies, tariffs, or import enforcement actions, any of which could impact our ability to import from foreign suppliers, raise our costs, or disrupt our supply chain, (9) our inability to manage our inventory, including the impact of inventory obsolescence, shrink, and damage, (10) any disruption in our distribution capabilities, supply chain, and our related planning and control processes, including carrier capacity constraints, blocked trade lanes, port congestion, strike, or shut down, and other supply chain costs or product shortages, (11) any increases in wholesale prices of products, materials, and transportation costs beyond our control, including increases in costs due to inflation or tariffs, (12) the resignation, incapacitation, or death of any key personnel, including our executive officers, (13) our inability to attract, hire, train, and retain highly qualified managers and staff, (14) the impact of any labor activities, (15) our dependence on foreign imports for the products we sell, including risks associated with obtaining products from abroad, (16) any failure by any of our suppliers to supply us with quality products on attractive terms and prices or to adhere to the quality standards that we set for our products, (17) our inability to locate sufficient suitable natural products, (18) the effects of weather conditions, natural disasters, or other unexpected events, including public health crises, that may disrupt our operations, (19) personal injury, product liability and warranty claims and related governmental investigations, (20) any allegations, investigations, lawsuits, or violations of laws and regulations applicable to us, our products, or our suppliers, (21) our inability to adequately protect the privacy and security of information related to our customers, us, our associates, our suppliers, and other third parties, (22) any material disruption in our information systems, including our website, (23) our inability to maintain sufficient levels of cash flow or liquidity to fund our expanding business and service our existing indebtedness, (24) new or changing laws or regulations, including tax laws and trade policies and regulations, (25) payments-related risks, (26) any failure to protect our 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 variable rate debt, and (29) our ability to manage risks related to corporate social responsibility. Additional information concerning these and other factors are described in “Forward-Looking Statements,” Item 1, “Business,” Item 1A, “Risk Factors,” and Item 1C, “Cybersecurity” of Part I and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Item 9A, “Controls and Procedures” of Part II of the Company’s Annual Report on Form 10-K for the fiscal year ended December 25, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 19, 2026 (the “Annual Report”) and elsewhere in the Annual Report, and those described in the Company’s other filings with the SEC.
Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events. The forward-looking statements contained in this release or the associated webcast/conference call speak only as of the date hereof. New risks and uncertainties arise over time, and it is not possible for the Company to predict those events or how they may affect the Company. If a change to the events and circumstances reflected in the Company’s forward-looking statements occurs, the Company’s business, financial condition, and operating results may vary materially from those expressed in the Company’s forward-looking statements. Except as required by applicable law, the Company does not plan to publicly update or revise any forward-looking statements contained herein or in the associated webcast/conference call, whether as a result of any new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260219903153/en/
Investor Contacts:
Wayne Hood
Senior Vice President of Investor Relations
678-505-4415
wayne.hood@flooranddecor.com
or
Matt McConnell
Senior Manager of Investor Relations
770-257-1374
matthew.mcconnell@flooranddecor.com
Original: Floor & Decor Holdings, Inc. Announces Fourth Quarter and Fiscal 2025 Financial Results
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