Floor & Decor Holdings, Inc. (NYSE: FND) reported fourth‑quarter and full‑year fiscal 2025 results on February 19, 2026. Net sales for the quarter were $1.1297 billion, up 2.0% from $1.1074 billion in Q4 2024. Diluted earnings per share were $0.36, matching the midpoint of the guidance issued in the third‑quarter earnings call.
Comparable store sales fell 4.8% year‑over‑year, a decline attributed to softness in existing home‑sales activity and a shift toward smaller flooring projects. The company opened eight new warehouse stores during the quarter, which helped offset the decline in existing store performance and contributed to the modest sales increase.
Full‑year net sales reached $4.6841 billion, a 5.1% increase from $4.442 billion in fiscal 2024. Diluted earnings per share for the year were $1.92, up from $1.90. The company added 20 new warehouse stores in 2025, expanding its footprint and supporting the top‑line growth.
Gross margin for the quarter was 43.5%, flat year‑over‑year, while operating margin slipped 80 basis points to 4.6% due to investments in new distribution centers. Despite the margin compression, cost control and pricing power helped maintain earnings. Net cash provided by operating activities was $381.8 million, down from $603.2 million in 2024.
For fiscal 2026, Floor & Decor guided sales of $4.880 billion to $5.03 billion, comparable store sales of 2.0% to 1.0% decline, and diluted EPS of $1.98 to $2.18. The guidance reflects confidence in continued store expansion and a gradual recovery in the housing market.
CEO Brad Paulsen said, "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." He added, "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." CFO Bryan Langley noted, "our fourth quarter gross profit increased by $9.8 million or 2.0% compared to the same period last year," and that the gross margin rate of 43.5% was flat year‑over‑year and up 10 basis points sequentially. He also reported, "Net cash provided by operating activities was $381.8 million in 2025 compared with $603.2 million in 2024."
Investors reacted positively to the earnings beat and revenue meeting expectations, with analysts noting the company’s ability to maintain earnings growth amid a challenging housing‑market environment.
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