Floor & Decor (Atlanta) reported net income of $95.9 million for the second quarter of 2026, up 51.7% from $63.2 million last year, and diluted earnings per share of $0.89, up from $0.58. Net sales for the quarter were $1.25 billion, up 3.0% year-over-year, while comparable store sales fell 2.1%.
The earnings jump came almost entirely from one-time refunds of tariffs paid under the International Emergency Economic Powers Act. Excluding the refunds, adjusted net income was $63.0 million—essentially flat with a year ago—and adjusted EPS was unchanged at $0.58.
"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," CEO Brad Paulsen said, adding that results exceeded the company's expectations.
The retailer opened five warehouse stores during the quarter, ending with 281 warehouse stores and five design studios across 39 states, and plans to open 20 new stores in fiscal year 2026.
Read the full press release here.
