Floor & Decor Holdings, Inc. (NYSE: FND) opened its newest warehouse store and design center at 98 Richmond Hill Road in Staten Island, New York, on Thursday, February 26, 2026. The 98‑unit location will employ a team of approximately 40 associates and marks the company’s first store in the borough, adding to its 270‑store national footprint.
The opening event featured a ribbon‑cutting ceremony at 10:00 a.m. ET in partnership with the Staten Island Chamber of Commerce, followed by a community celebration on Saturday, March 21, 2026. The celebration included a $10,000 giveaway and a $5,000 floor‑makeover sweepstakes, underscoring the company’s commitment to engaging local customers and trade professionals.
The Staten Island store is part of Floor & Decor’s broader strategy to reach a 500‑store target and capture market share in a recessionary flooring market. The company opened eight new stores in Q4 fiscal 2025, bringing its total to 270, and plans to open 20 new stores in fiscal 2026. The expansion is intended to support the company’s store‑productivity goals and reinforce its position in the hard‑surface flooring sector.
Floor & Decor reported Q4 fiscal 2025 results on February 19, 2026. Net sales rose 2.0% to $1,129.7 million, slightly below the $1,136 million consensus estimate. Diluted earnings per share were $0.36, a $0.01 beat over the $0.35 estimate, driven by disciplined cost control and a favorable product mix that offset a 4.8% decline in comparable store sales. Gross margin held steady at 43.5% year‑over‑year, while operating margin contracted 80 basis points to 4.6% due to the cost of opening new stores and weaker comparable sales. "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," said CEO Brad Paulsen. He added, "Despite pressure on comparable store sales driven by softness in existing home sales activities and shift to smaller flooring projects, we expanded our market share, navigated tariff complexities, increase our gross margin rate, opened 20 new stores and delivered year‑over‑year earnings growth."
Management guidance for fiscal 2026 projects net sales of $4.88 billion to $5.03 billion, a 4‑7% increase from fiscal 2025, and diluted EPS of $1.98 to $2.18. Comparable store sales guidance ranges from a 2% decline to a 1% increase, reflecting management’s cautious outlook amid ongoing macroeconomic headwinds. The guidance signals confidence in maintaining profitability through cost discipline while pursuing aggressive store expansion.
Investors responded positively to the earnings beat and the company’s resilience in a challenging market. The EPS beat, combined with the company’s ability to sustain market share and improve gross margins despite weaker comparable sales, reinforced confidence in Floor & Decor’s execution and strategic positioning.
Arsenio (AJ) MacKay, Chief Executive Merchant of the Staten Island store, said, "Bringing Floor & Decor to Staten Island is an exciting milestone for our team. For more than 25 years, we've focused on making quality flooring and tile accessible to everyone, and we're proud to extend that commitment to a new borough today. We look forward to serving our new customers and helping bring their ideas to life."
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