| Delaware | 27-3730271 | |||||||
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
| 2500 Windy Ridge Parkway SE | ||||||||||||||
| Atlanta, | Georgia | 30339 | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
| (404) | 471-1634 | Not Applicable | |||||||||||||||
| (Registrant’s telephone number, including area code) | (Former name, former address and former fiscal year, if changed since last report) | ||||||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Class A common stock, $0.001 par value per share | FND | New York Stock Exchange | ||||||
| Large Accelerated Filer | ☒ | Accelerated Filer | ☐ | ||||||||||||||
| Non-Accelerated Filer | ☐ | Smaller Reporting Company | ☐ | ||||||||||||||
| Emerging Growth Company | ☐ | ||||||||||||||||
| Class | Outstanding at October 26, 2026 | |||||||
| Class A common stock, $0.001 par value per share | 104,234,211 | |||||||
| Item 1. | |||||||||||
| Item 2. | |||||||||||
| Item 3. | |||||||||||
| Item 4. | |||||||||||
| Item 1. | |||||||||||
| Item 1A. | |||||||||||
| Item 2. | |||||||||||
| Item 5. | |||||||||||
| Item 6. | |||||||||||
| in thousands, except for share and per share data | September 24, 2026 | December 25, 2025 | |||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 392,484 | $ | 249,296 | |||||||
| Income taxes receivable | 15,849 | 7,270 | |||||||||
| Receivables, net | 123,668 | 94,068 | |||||||||
| Inventories, net | 1,173,083 | 1,133,083 | |||||||||
| Prepaid expenses and other current assets | 52,563 | 44,214 | |||||||||
| Total current assets | 1,757,647 | 1,527,931 | |||||||||
| Fixed assets, net | 1,864,288 | 1,856,127 | |||||||||
| Right-of-use assets | 1,614,826 | 1,617,772 | |||||||||
| Intangible assets, net | 143,835 | 146,536 | |||||||||
| Goodwill | 257,940 | 257,940 | |||||||||
| Deferred income tax assets, net | 25,372 | 19,298 | |||||||||
| Other assets | 52,309 | 43,754 | |||||||||
| Total long-term assets | 3,958,570 | 3,941,427 | |||||||||
| Total assets | $ | 5,716,217 | $ | 5,469,358 | |||||||
| Liabilities and stockholders’ equity | |||||||||||
| Current liabilities: | |||||||||||
| Current portion of term loan | $ | 2,000 | $ | 2,629 | |||||||
| Current portion of lease liabilities | 168,649 | 155,661 | |||||||||
| Trade accounts payable | 790,712 | 683,675 | |||||||||
| Accrued expenses and other current liabilities | 360,185 | 298,740 | |||||||||
| Deferred revenue | 14,164 | 10,685 | |||||||||
| Total current liabilities | 1,335,710 | 1,151,390 | |||||||||
| Term loan | 193,533 | 193,589 | |||||||||
| Lease liabilities | 1,629,962 | 1,639,598 | |||||||||
| Deferred income tax liabilities, net | 42,537 | 49,479 | |||||||||
| Other liabilities | 29,493 | 26,466 | |||||||||
| Total long-term liabilities | 1,895,525 | 1,909,132 | |||||||||
| Total liabilities | 3,231,235 | 3,060,522 | |||||||||
| Commitments and contingencies (Note 5) | |||||||||||
| Stockholders’ equity | |||||||||||
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at September 24, 2026 and December 25, 2025 | — | — | |||||||||
Common stock Class A, $0.001 par value; 450,000,000 shares authorized; 105,433,704 shares issued and outstanding at September 24, 2026 and 107,774,329 shares issued and outstanding at December 25, 2025 | 105 | 108 | |||||||||
| Additional paid-in capital | 611,745 | 577,786 | |||||||||
Accumulated other comprehensive income, net | — | 22 | |||||||||
| Retained earnings | 1,873,132 | 1,830,920 | |||||||||
| Total stockholders’ equity | 2,484,982 | 2,408,836 | |||||||||
| Total liabilities and stockholders’ equity | $ | 5,716,217 | $ | 5,469,358 | |||||||
| Thirteen Weeks Ended | Thirty-nine Weeks Ended | ||||||||||||||||||||||
| in thousands, except for per share data | September 24, 2026 | September 25, 2025 | September 24, 2026 | September 25, 2025 | |||||||||||||||||||
| Net sales | $ | 1,214,561 | $ | 1,179,527 | $ | 3,617,109 | $ | 3,554,417 | |||||||||||||||
| Cost of sales | 683,238 | 667,571 | 1,975,216 | 2,001,605 | |||||||||||||||||||
| Gross profit | 531,323 | 511,956 | 1,641,893 | 1,552,812 | |||||||||||||||||||
Selling, general and administrative expenses | 453,342 | 439,939 | 1,387,532 | 1,334,672 | |||||||||||||||||||
| Operating income | 77,981 | 72,017 | 254,361 | 218,140 | |||||||||||||||||||
| Interest (income) expense, net | (382) | 591 | (1,527) | 3,215 | |||||||||||||||||||
| Loss on extinguishment of debt | — | — | 1,328 | — | |||||||||||||||||||
| Income before income taxes | 78,363 | 71,426 | 254,560 | 214,925 | |||||||||||||||||||
| Income tax expense | 13,540 | 14,166 | 54,158 | 45,609 | |||||||||||||||||||
| Net income | $ | 64,823 | $ | 57,260 | $ | 200,402 | $ | 169,316 | |||||||||||||||
| Change in fair value of hedge instruments, net of tax | — | 24 | (22) | 35 | |||||||||||||||||||
| Total comprehensive income | $ | 64,823 | $ | 57,284 | $ | 200,380 | $ | 169,351 | |||||||||||||||
| Basic earnings per share | $ | 0.61 | $ | 0.53 | $ | 1.87 | $ | 1.57 | |||||||||||||||
| Diluted earnings per share | $ | 0.61 | $ | 0.53 | $ | 1.86 | $ | 1.56 | |||||||||||||||
| Additional Paid-in Capital | Accumulated Other Comprehensive Income (Loss) | Retained Earnings | Total Stockholders’ Equity | ||||||||||||||||||||||||||||||||
Common Stock Class A | |||||||||||||||||||||||||||||||||||
| in thousands | Shares | Amount | |||||||||||||||||||||||||||||||||
| Balance, December 26, 2025 | 107,774 | $ | 108 | $ | 577,786 | $ | 22 | $ | 1,830,920 | $ | 2,408,836 | ||||||||||||||||||||||||
| Stock-based compensation expense | — | — | 8,369 | — | — | 8,369 | |||||||||||||||||||||||||||||
| Exercise of stock options | 100 | — | 2,534 | — | — | 2,534 | |||||||||||||||||||||||||||||
| Issuance of common stock upon vesting of restricted stock units | 248 | — | — | — | — | — | |||||||||||||||||||||||||||||
| Shares issued under employee stock purchase plan | 53 | — | 2,882 | — | — | 2,882 | |||||||||||||||||||||||||||||
| Common stock redeemed for tax liability | (81) | — | (5,618) | — | — | (5,618) | |||||||||||||||||||||||||||||
Other comprehensive gain, net of tax | — | — | — | 25 | — | 25 | |||||||||||||||||||||||||||||
| Net income | — | — | — | — | 39,709 | 39,709 | |||||||||||||||||||||||||||||
| Balance, March 26, 2026 | 108,094 | $ | 108 | $ | 585,953 | $ | 47 | $ | 1,870,629 | $ | 2,456,737 | ||||||||||||||||||||||||
| Stock-based compensation expense | — | — | 7,504 | — | — | 7,504 | |||||||||||||||||||||||||||||
| Exercise of stock options | 113 | — | 2,107 | — | — | 2,107 | |||||||||||||||||||||||||||||
| Issuance of common stock upon vesting of restricted stock units | 14 | — | — | — | — | — | |||||||||||||||||||||||||||||
| Common stock redeemed for tax liability | (4) | — | (218) | — | — | (218) | |||||||||||||||||||||||||||||
| Repurchase of common stock | (1,331) | (1) | — | — | (66,078) | (66,079) | |||||||||||||||||||||||||||||
| Other comprehensive loss, net of tax | — | — | — | (47) | — | (47) | |||||||||||||||||||||||||||||
| Net income | — | — | — | — | 95,870 | 95,870 | |||||||||||||||||||||||||||||
| Balance, June 25, 2026 | 106,886 | $ | 107 | $ | 595,346 | $ | — | $ | 1,900,421 | $ | 2,495,874 | ||||||||||||||||||||||||
| Stock-based compensation expense | — | — | 8,684 | — | — | 8,684 | |||||||||||||||||||||||||||||
| Exercise of stock options | 262 | — | 5,566 | — | — | 5,566 | |||||||||||||||||||||||||||||
| Issuance of common stock upon vesting of restricted stock units | 10 | — | — | — | — | — | |||||||||||||||||||||||||||||
| Shares issued under employee stock purchase plan | 43 | — | 2,335 | — | — | 2,335 | |||||||||||||||||||||||||||||
| Common stock redeemed for tax liability | (2) | — | (186) | — | — | (186) | |||||||||||||||||||||||||||||
| Repurchase of common stock | (1,765) | (2) | — | — | (92,112) | (92,114) | |||||||||||||||||||||||||||||
| Net income | — | — | — | — | 64,823 | 64,823 | |||||||||||||||||||||||||||||
| Balance, September 24, 2026 | 105,434 | $ | 105 | $ | 611,745 | $ | — | $ | 1,873,132 | $ | 2,484,982 | ||||||||||||||||||||||||
| Additional Paid-in Capital | Accumulated Other Comprehensive Income (Loss) | Retained Earnings | Total Stockholders' Equity | ||||||||||||||||||||||||||||||||
Common Stock Class A | |||||||||||||||||||||||||||||||||||
| in thousands | Shares | Amount | |||||||||||||||||||||||||||||||||
| Balance, December 27, 2024 | 107,357 | $ | 107 | $ | 547,818 | $ | (40) | $ | 1,622,273 | $ | 2,170,158 | ||||||||||||||||||||||||
| Stock-based compensation expense | — | — | 6,580 | — | — | 6,580 | |||||||||||||||||||||||||||||
| Exercise of stock options | 50 | — | 1,288 | — | — | 1,288 | |||||||||||||||||||||||||||||
| Issuance of common stock upon vesting of restricted stock units | 247 | 1 | (1) | — | — | — | |||||||||||||||||||||||||||||
| Shares issued under employee stock purchase plan | 36 | — | 3,081 | — | — | 3,081 | |||||||||||||||||||||||||||||
| Common stock redeemed for tax liability | (84) | — | (8,212) | — | — | (8,212) | |||||||||||||||||||||||||||||
Other comprehensive loss, net of tax | — | — | — | (10) | — | (10) | |||||||||||||||||||||||||||||
| Net income | — | — | — | — | 48,878 | 48,878 | |||||||||||||||||||||||||||||
| Balance, March 27, 2025 | 107,606 | $ | 108 | $ | 550,554 | $ | (50) | $ | 1,671,151 | $ | 2,221,763 | ||||||||||||||||||||||||
| Stock-based compensation expense | — | — | 8,922 | — | — | 8,922 | |||||||||||||||||||||||||||||
| Exercise of stock options | 23 | — | 754 | — | — | 754 | |||||||||||||||||||||||||||||
| Issuance of common stock upon vesting of restricted stock units | 12 | — | — | — | — | — | |||||||||||||||||||||||||||||
| Common stock redeemed for tax liability | (3) | — | (296) | — | — | (296) | |||||||||||||||||||||||||||||
| Other comprehensive gain, net of tax | — | — | — | 21 | — | 21 | |||||||||||||||||||||||||||||
| Net income | — | — | — | — | 63,178 | 63,178 | |||||||||||||||||||||||||||||
| Balance, June 26, 2025 | 107,638 | $ | 108 | $ | 559,934 | $ | (29) | $ | 1,734,329 | $ | 2,294,342 | ||||||||||||||||||||||||
| Stock-based compensation expense | — | — | 6,870 | — | — | 6,870 | |||||||||||||||||||||||||||||
| Exercise of stock options | 60 | — | 1,019 | — | — | 1,019 | |||||||||||||||||||||||||||||
| Issuance of common stock upon vesting of restricted stock units | 10 | — | — | — | — | — | |||||||||||||||||||||||||||||
| Shares issued under employee stock purchase plan | 42 | — | 2,889 | — | — | 2,889 | |||||||||||||||||||||||||||||
| Common stock redeemed for tax liability | (4) | — | (254) | — | — | (254) | |||||||||||||||||||||||||||||
| Other comprehensive gain, net of tax | — | — | — | 24 | — | 24 | |||||||||||||||||||||||||||||
| Net income | — | — | — | — | 57,260 | 57,260 | |||||||||||||||||||||||||||||
| Balance, September 25, 2025 | 107,746 | $ | 108 | $ | 570,458 | $ | (5) | $ | 1,791,589 | $ | 2,362,150 | ||||||||||||||||||||||||
| Thirty-nine Weeks Ended | |||||||||||
| in thousands | September 24, 2026 | September 25, 2025 | |||||||||
| Operating activities | |||||||||||
| Net income | $ | 200,402 | $ | 169,316 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation and amortization | 187,200 | 180,492 | |||||||||
| Stock-based compensation expense | 24,557 | 22,372 | |||||||||
| Deferred income taxes | (13,066) | (23,937) | |||||||||
| Loss on extinguishment of debt | 1,328 | — | |||||||||
| Changes in operating assets and liabilities: | |||||||||||
| Receivables, net | (29,600) | (4,223) | |||||||||
| Inventories, net | (40,000) | (31,562) | |||||||||
| Trade accounts payable | 115,864 | (73,765) | |||||||||
| Accrued expenses and other current liabilities | 15,545 | 22,533 | |||||||||
| Income taxes | 30,044 | 9,431 | |||||||||
| Deferred revenue | 3,479 | (178) | |||||||||
| Other, net | (10,445) | (12,711) | |||||||||
| Net cash provided by operating activities | 485,308 | 257,768 | |||||||||
| Investing activities | |||||||||||
| Purchases of fixed assets | (187,918) | (238,839) | |||||||||
| Net cash used in investing activities | (187,918) | (238,839) | |||||||||
| Financing activities | |||||||||||
| Proceeds from term loan | 200,000 | — | |||||||||
| Payments on term loan | (198,190) | (1,577) | |||||||||
| Payments of debt issuance costs | (7,571) | — | |||||||||
| Payments of contingent earn-out liabilities | (750) | (806) | |||||||||
| Proceeds from exercise of stock options | 10,207 | 3,061 | |||||||||
| Proceeds from employee stock purchase plan | 5,217 | 5,970 | |||||||||
| Tax payments for stock-based compensation awards | (6,022) | (8,762) | |||||||||
| Payments for repurchase of common stock | (157,093) | — | |||||||||
| Net cash used in financing activities | (154,202) | (2,114) | |||||||||
| Net increase in cash and cash equivalents | 143,188 | 16,815 | |||||||||
| Cash and cash equivalents, beginning of the period | 249,296 | 187,669 | |||||||||
| Cash and cash equivalents, end of the period | $ | 392,484 | $ | 204,484 | |||||||
| Supplemental disclosures of cash flow information | |||||||||||
| Buildings and equipment acquired under operating leases | $ | 118,728 | $ | 399,656 | |||||||
| Cash paid for interest, net of capitalized interest | $ | 9,083 | $ | 7,084 | |||||||
| Cash paid for income taxes, net of refunds | $ | 35,676 | $ | 59,846 | |||||||
| Fixed assets accrued at the end of the period | $ | 45,965 | $ | 64,846 | |||||||
| Thirteen Weeks Ended | |||||||||||||||||||||||
| September 24, 2026 | September 25, 2025 | ||||||||||||||||||||||
dollars in thousands | Net Sales | % of Net Sales | Net Sales | % of Net Sales | |||||||||||||||||||
| Tile | $ | 282,596 | 23 | % | $ | 269,646 | 23 | % | |||||||||||||||
| Laminate and vinyl | 279,179 | 23 | 287,689 | 25 | |||||||||||||||||||
| Installation materials and tools | 266,151 | 22 | 242,005 | 21 | |||||||||||||||||||
| Decorative accessories and wall tile | 195,465 | 16 | 192,278 | 16 | |||||||||||||||||||
| Wood | 93,491 | 8 | 83,785 | 7 | |||||||||||||||||||
| Natural stone | 51,807 | 4 | 51,111 | 4 | |||||||||||||||||||
| Adjacent categories | 25,430 | 2 | 28,551 | 2 | |||||||||||||||||||
Other (1) | 20,442 | 2 | 24,462 | 2 | |||||||||||||||||||
| Total | $ | 1,214,561 | 100 | % | $ | 1,179,527 | 100 | % | |||||||||||||||
| Thirty-nine Weeks Ended | |||||||||||||||||||||||
| September 24, 2026 | September 25, 2025 | ||||||||||||||||||||||
dollars in thousands | Net Sales | % of Net Sales | Net Sales | % of Net Sales | |||||||||||||||||||
| Tile | $ | 851,119 | 24 | % | $ | 808,392 | 23 | % | |||||||||||||||
| Laminate and vinyl | 826,284 | 23 | 878,773 | 25 | |||||||||||||||||||
| Installation materials and tools | 781,778 | 22 | 718,931 | 20 | |||||||||||||||||||
| Decorative accessories and wall tile | 600,807 | 17 | 588,753 | 17 | |||||||||||||||||||
| Wood | 269,794 | 7 | 252,207 | 7 | |||||||||||||||||||
| Natural stone | 155,802 | 4 | 155,140 | 4 | |||||||||||||||||||
| Adjacent categories | 78,566 | 2 | 89,101 | 2 | |||||||||||||||||||
Other (1) | 52,959 | 1 | 63,120 | 2 | |||||||||||||||||||
| Total | $ | 3,617,109 | 100 | % | $ | 3,554,417 | 100 | % | |||||||||||||||
dollars in thousands | Interest Rate Per Annum at September 24, 2026 | September 24, 2026 | December 25, 2025 | ||||||||||||||||||||
| Credit Facilities: | |||||||||||||||||||||||
| 2026 Term Loan Facility | 5.90% | Variable | $ | 200,000 | $ | — | |||||||||||||||||
| 2016 Term Loan Facility | — | 198,190 | |||||||||||||||||||||
| 2026 ABL Facility | 5.02% | Variable | — | — | |||||||||||||||||||
| 2016 ABL Facility | — | — | |||||||||||||||||||||
Total outstanding borrowings | 200,000 | 198,190 | |||||||||||||||||||||
Less: unamortized discount and debt issuance costs | 4,467 | 1,972 | |||||||||||||||||||||
Total long-term debt | 195,533 | 196,218 | |||||||||||||||||||||
Less: current portion of long-term debt | 2,000 | 2,629 | |||||||||||||||||||||
Total long-term debt, less current portion | $ | 193,533 | $ | 193,589 | |||||||||||||||||||
| in thousands | Amount | ||||
| Fourteen weeks ending December 31, 2026 | $ | 1,000 | |||
| 2027 | 1,500 | ||||
| 2028 | 2,000 | ||||
| 2029 | 2,000 | ||||
| 2030 | 2,000 | ||||
| Thereafter | 191,500 | ||||
| Total minimum debt payments | $ | 200,000 | |||
| Thirteen Weeks Ended | Thirty-nine Weeks Ended | ||||||||||||||||||||||
| in thousands | September 24, 2026 | September 25, 2025 | September 24, 2026 | September 25, 2025 | |||||||||||||||||||
Interest expense | $ | 3,882 | $ | 4,311 | $ | 11,788 | $ | 12,862 | |||||||||||||||
Less: | |||||||||||||||||||||||
Interest income (1) | 3,594 | 1,952 | 11,318 | 5,488 | |||||||||||||||||||
Capitalized interest | 670 | 1,768 | 1,997 | 4,159 | |||||||||||||||||||
| Interest (income) expense, net | $ | (382) | $ | 591 | $ | (1,527) | $ | 3,215 | |||||||||||||||
| in thousands | Fair Value Hierarchy Classification | September 24, 2026 | December 25, 2025 | ||||||||||||||
| 2026 Term Loan Facility | Level 3 | $ | 200,250 | $ | — | ||||||||||||
| 2016 Term Loan Facility | Level 3 | $ | — | $ | 197,943 | ||||||||||||
| Thirteen Weeks Ended | Thirty-nine Weeks Ended | |||||||||||||||||||||||||||||||
| in thousands | Classification | September 24, 2026 | September 25, 2025 | September 24, 2026 | September 25, 2025 | |||||||||||||||||||||||||||
| Fixed operating lease cost: | Selling, general and administrative expenses | $ | 55,145 | $ | 51,664 | $ | 163,018 | $ | 151,784 | |||||||||||||||||||||||
| Cost of sales | 13,610 | 13,124 | 40,958 | 35,414 | ||||||||||||||||||||||||||||
| Total fixed operating lease cost | 68,755 | 64,788 | 203,976 | 187,198 | ||||||||||||||||||||||||||||
Variable lease cost (1): | Selling, general and administrative expenses | 18,866 | 19,973 | 61,644 | 63,482 | |||||||||||||||||||||||||||
| Cost of sales | 1,955 | 1,986 | 5,503 | 5,713 | ||||||||||||||||||||||||||||
| Total variable lease cost | 20,821 | 21,959 | 67,147 | 69,195 | ||||||||||||||||||||||||||||
Total operating lease cost (2) | $ | 89,576 | $ | 86,747 | $ | 271,123 | $ | 256,393 | ||||||||||||||||||||||||
| in thousands | Amount | ||||
| Fourteen weeks ending December 31, 2026 | $ | 65,196 | |||
| 2027 | 274,225 | ||||
| 2028 | 255,770 | ||||
| 2029 | 241,707 | ||||
| 2030 | 220,918 | ||||
| Thereafter | 1,530,246 | ||||
Total minimum lease payments (1) (2) | 2,588,062 | ||||
| Less: amount of lease payments representing interest | 789,451 | ||||
| Present value of future minimum lease payments | 1,798,611 | ||||
| Less: current obligations under leases | 168,649 | ||||
| Long-term lease obligations | $ | 1,629,962 | |||
Stock Options | |||||||||||
Shares | Weighted Average Exercise Price | ||||||||||
Outstanding at December 26, 2025 | 988,971 | $ | 32.03 | ||||||||
| Exercised | (475,352) | $ | 21.47 | ||||||||
| Forfeited or expired | (12,932) | $ | 78.52 | ||||||||
Outstanding at September 24, 2026 | 500,687 | $ | 40.83 | ||||||||
Vested and exercisable at September 24, 2026 | 500,687 | $ | 40.83 | ||||||||
| Restricted Stock Units | |||||||||||||||||||||||||||||||||||
| Service-based | Performance-based | Total shareholder return | |||||||||||||||||||||||||||||||||
| Shares | Weighted Average Grant Date Fair Value | Shares | Weighted Average Grant Date Fair Value | Shares | Weighted Average Grant Date Fair Value | ||||||||||||||||||||||||||||||
| Unvested at December 26, 2025 | 561,965 | $ | 98.20 | 266,308 | $ | 94.72 | 37,835 | $ | 104.67 | ||||||||||||||||||||||||||
| Granted | 583,494 | $ | 64.37 | 130,067 | $ | 68.34 | — | $ | — | ||||||||||||||||||||||||||
| Vested | (271,863) | $ | 98.12 | — | $ | — | — | $ | — | ||||||||||||||||||||||||||
| Forfeited | (79,104) | $ | 81.87 | (145,657) | $ | 90.15 | (37,835) | $ | 104.67 | ||||||||||||||||||||||||||
| Unvested at September 24, 2026 | 794,492 | $ | 75.04 | 250,718 | $ | 83.69 | — | $ | — | ||||||||||||||||||||||||||
| Thirteen Weeks Ended | Thirty-nine Weeks Ended | ||||||||||||||||||||||
| September 24, 2026 | September 25, 2025 | September 24, 2026 | September 25, 2025 | ||||||||||||||||||||
| Total number of shares repurchased | 1,764,759 | — | 3,095,734 | — | |||||||||||||||||||
Average price paid per share (1) | $ | 51.79 | $ | — | $ | 50.75 | $ | — | |||||||||||||||
Total cost of shares repurchased (in thousands) (1) | $ | 91,393 | $ | — | $ | 157,093 | $ | — | |||||||||||||||
| Thirteen Weeks Ended | Thirty-nine Weeks Ended | ||||||||||||||||||||||
| in thousands, except for per share data | September 24, 2026 | September 25, 2025 | September 24, 2026 | September 25, 2025 | |||||||||||||||||||
| Net income | $ | 64,823 | $ | 57,260 | $ | 200,402 | $ | 169,316 | |||||||||||||||
| Basic weighted average shares outstanding | 106,425 | 107,714 | 107,375 | 107,597 | |||||||||||||||||||
| Dilutive effect of share-based awards | 273 | 754 | 403 | 815 | |||||||||||||||||||
| Diluted weighted average shares outstanding | 106,698 | 108,468 | 107,778 | 108,412 | |||||||||||||||||||
| Basic earnings per share | $ | 0.61 | $ | 0.53 | $ | 1.87 | $ | 1.57 | |||||||||||||||
| Diluted earnings per share | $ | 0.61 | $ | 0.53 | $ | 1.86 | $ | 1.56 | |||||||||||||||
| Thirteen Weeks Ended | Thirty-nine Weeks Ended | ||||||||||||||||||||||
| in thousands | September 24, 2026 | September 25, 2025 | September 24, 2026 | September 25, 2025 | |||||||||||||||||||
| Stock options | 137 | 37 | 137 | 37 | |||||||||||||||||||
| Restricted stock units | 682 | 406 | 681 | 410 | |||||||||||||||||||
| Thirteen Weeks Ended | |||||||||||||||||||||||||||||||||||
| September 24, 2026 | September 25, 2025 | ||||||||||||||||||||||||||||||||||
| in thousands | Retail | Other (1) | Consolidated | Retail | Other (1) | Consolidated | |||||||||||||||||||||||||||||
| Net sales | $ | 1,150,209 | $ | 64,352 | $ | 1,214,561 | $ | 1,118,570 | $ | 60,957 | $ | 1,179,527 | |||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||
| Cost of sales | 638,753 | 625,690 | |||||||||||||||||||||||||||||||||
Personnel expense (2) | 193,739 | 189,176 | |||||||||||||||||||||||||||||||||
Property cost (3) | 147,208 | 142,795 | |||||||||||||||||||||||||||||||||
Other segment items (4) | 95,812 | 92,159 | |||||||||||||||||||||||||||||||||
Operating income (5) | 74,697 | 3,284 | 77,981 | 68,750 | 3,267 | 72,017 | |||||||||||||||||||||||||||||
| Interest (income) expense, net | (382) | 591 | |||||||||||||||||||||||||||||||||
| Income before income taxes | $ | 78,363 | $ | 71,426 | |||||||||||||||||||||||||||||||
| Thirty-nine Weeks Ended | |||||||||||||||||||||||||||||||||||
| September 24, 2026 | September 25, 2025 | ||||||||||||||||||||||||||||||||||
| in thousands | Retail | Other (1) | Consolidated | Retail | Other (1) | Consolidated | |||||||||||||||||||||||||||||
| Net sales | $ | 3,438,442 | $ | 178,667 | $ | 3,617,109 | $ | 3,375,600 | $ | 178,817 | $ | 3,554,417 | |||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||||
| Cost of sales | 1,850,747 | 1,880,198 | |||||||||||||||||||||||||||||||||
Personnel expense (2) | 606,790 | 577,708 | |||||||||||||||||||||||||||||||||
Property cost (3) | 439,858 | 425,729 | |||||||||||||||||||||||||||||||||
Other segment items (4) | 291,058 | 284,236 | |||||||||||||||||||||||||||||||||
Operating income (5) | 249,989 | 4,372 | 254,361 | 207,729 | 10,411 | 218,140 | |||||||||||||||||||||||||||||
| Interest (income) expense, net | (1,527) | 3,215 | |||||||||||||||||||||||||||||||||
| Loss on extinguishment of debt | 1,328 | — | |||||||||||||||||||||||||||||||||
| Income before income taxes | $ | 254,560 | $ | 214,925 | |||||||||||||||||||||||||||||||
| Thirteen Weeks Ended | |||||||||||||||||||||||||||||||||||
| September 24, 2026 | September 25, 2025 | Increase (Decrease) | |||||||||||||||||||||||||||||||||
| dollars in thousands | Amount | % of Net Sales | Amount | % of Net Sales | $ | % | |||||||||||||||||||||||||||||
| Net sales | $ | 1,214,561 | 100.0 | % | $ | 1,179,527 | 100.0 | % | $ | 35,034 | 3.0 | % | |||||||||||||||||||||||
| Cost of sales | 683,238 | 56.3 | 667,571 | 56.6 | 15,667 | 2.3 | % | ||||||||||||||||||||||||||||
| Gross profit | 531,323 | 43.7 | 511,956 | 43.4 | 19,367 | 3.8 | % | ||||||||||||||||||||||||||||
| Selling, general and administrative expenses | 453,342 | 37.3 | 439,939 | 37.3 | 13,403 | 3.0 | % | ||||||||||||||||||||||||||||
| Operating income | 77,981 | 6.4 | 72,017 | 6.1 | 5,964 | 8.3 | % | ||||||||||||||||||||||||||||
| Interest (income) expense, net | (382) | — | 591 | — | (973) | NM | |||||||||||||||||||||||||||||
| Income before income taxes | 78,363 | 6.4 | 71,426 | 6.1 | 6,937 | 9.7 | % | ||||||||||||||||||||||||||||
| Income tax expense | 13,540 | 1.1 | 14,166 | 1.2 | (626) | (4.4) | % | ||||||||||||||||||||||||||||
| Net income | $ | 64,823 | 5.3 | % | $ | 57,260 | 4.9 | % | $ | 7,563 | 13.2 | % | |||||||||||||||||||||||
| Thirty-nine Weeks Ended | |||||||||||||||||||||||||||||||||||
| September 24, 2026 | September 25, 2025 | Increase (Decrease) | |||||||||||||||||||||||||||||||||
| dollars in thousands | Amount | % of Net Sales | Amount | % of Net Sales | $ | % | |||||||||||||||||||||||||||||
| Net sales | $ | 3,617,109 | 100.0 | % | $ | 3,554,417 | 100.0 | % | $ | 62,692 | 1.8 | % | |||||||||||||||||||||||
| Cost of sales | 1,975,216 | 54.6 | 2,001,605 | 56.3 | (26,389) | (1.3) | % | ||||||||||||||||||||||||||||
| Gross profit | 1,641,893 | 45.4 | 1,552,812 | 43.7 | 89,081 | 5.7 | % | ||||||||||||||||||||||||||||
| Selling, general and administrative expenses | 1,387,532 | 38.4 | 1,334,672 | 37.6 | 52,860 | 4.0 | % | ||||||||||||||||||||||||||||
| Operating income | 254,361 | 7.0 | 218,140 | 6.1 | 36,221 | 16.6 | % | ||||||||||||||||||||||||||||
| Interest (income) expense, net | (1,527) | — | 3,215 | 0.1 | (4,742) | NM | |||||||||||||||||||||||||||||
| Loss on extinguishment of debt | 1,328 | — | — | — | 1,328 | NM | |||||||||||||||||||||||||||||
| Income before income taxes | 254,560 | 7.0 | 214,925 | 6.0 | 39,635 | 18.4 | % | ||||||||||||||||||||||||||||
| Income tax expense | 54,158 | 1.5 | 45,609 | 1.2 | 8,549 | 18.7 | % | ||||||||||||||||||||||||||||
| Net income | $ | 200,402 | 5.5 | % | $ | 169,316 | 4.8 | % | $ | 31,086 | 18.4 | % | |||||||||||||||||||||||
| Thirteen Weeks Ended | Thirty-nine Weeks Ended | ||||||||||||||||||||||
| September 24, 2026 | September 25, 2025 | September 24, 2026 | September 25, 2025 | ||||||||||||||||||||
| Comparable store sales | (1.4) | % | (1.2) | % | (2.4) | % | (0.8) | % | |||||||||||||||
| Comparable average ticket | 1.6 | % | 1.8 | % | 1.4 | % | 2.6 | % | |||||||||||||||
Comparable transactions | (2.9) | % | (3.0) | % | (3.7) | % | (3.3) | % | |||||||||||||||
| Number of warehouse-format stores | 282 | 262 | 282 | 262 | |||||||||||||||||||
Adjusted EBITDA (in thousands) (1) | $ | 149,067 | $ | 138,764 | $ | 422,527 | $ | 418,738 | |||||||||||||||
Adjusted EBITDA (% of net sales) (1) | 12.3 | % | 11.8 | % | 11.7 | % | 11.8 | % | |||||||||||||||
| Thirteen Weeks Ended | Thirty-nine Weeks Ended | ||||||||||||||||||||||
| in thousands | September 24, 2026 | September 25, 2025 | September 24, 2026 | September 25, 2025 | |||||||||||||||||||
| Net income | $ | 64,823 | $ | 57,260 | $ | 200,402 | $ | 169,316 | |||||||||||||||
Depreciation and amortization (1) | 62,402 | 59,877 | 186,015 | 178,601 | |||||||||||||||||||
| Interest (income) expense, net | (382) | 591 | (1,527) | 3,215 | |||||||||||||||||||
Loss on extinguishment of debt (2) | — | — | 1,328 | — | |||||||||||||||||||
| Income tax expense | 13,540 | 14,166 | 54,158 | 45,609 | |||||||||||||||||||
| EBITDA | 140,383 | 131,894 | 440,376 | 396,741 | |||||||||||||||||||
Stock-based compensation expense (3) | 8,684 | 6,870 | 24,557 | 22,372 | |||||||||||||||||||
Tariff refunds (4) | — | — | (42,406) | — | |||||||||||||||||||
Other (5) | — | — | — | (375) | |||||||||||||||||||
| Adjusted EBITDA | $ | 149,067 | $ | 138,764 | $ | 422,527 | $ | 418,738 | |||||||||||||||
| Thirty-nine Weeks Ended | |||||||||||
| in thousands | September 24, 2026 | September 25, 2025 | |||||||||
| Net cash provided by operating activities | $ | 485,308 | $ | 257,768 | |||||||
| Net cash used in investing activities | (187,918) | (238,839) | |||||||||
Net cash used in financing activities | (154,202) | (2,114) | |||||||||
| Net increase in cash and cash equivalents | $ | 143,188 | $ | 16,815 | |||||||
Period | Total Number of Shares Purchased | Average Price Paid per Share (1) | Total Number of Shares Purchased as Part of Publicly Announced Program | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program (in thousands) (1) | ||||||||||||||||||||||
| June 26, 2026 - July 23, 2026 | 384,765 | $ | 55.51 | 384,765 | $ | 312,943 | ||||||||||||||||||||
| July 24, 2026 - August 20, 2026 | 311,561 | $ | 57.18 | 311,561 | $ | 295,128 | ||||||||||||||||||||
| August 21, 2026 - September 24, 2026 | 1,068,433 | $ | 48.88 | 1,068,433 | $ | 242,907 | ||||||||||||||||||||
Total | 1,764,759 | $ | 51.79 | 1,764,759 | $ | 242,907 | ||||||||||||||||||||
| Incorporated by Reference | ||||||||||||||||||||||||||||||||
| Exhibit | Exhibit Description | Form | File No. | Exhibit | Filing Date | |||||||||||||||||||||||||||
| 3.1 | 8-K | 001-38070 | 3.1 | 5/12/2025 | ||||||||||||||||||||||||||||
| 3.2 | 8-K | 001-38070 | 3.2 | 5/12/2025 | ||||||||||||||||||||||||||||
| 31.1 | ||||||||||||||||||||||||||||||||
| 31.2 | ||||||||||||||||||||||||||||||||
| 32.1 | ||||||||||||||||||||||||||||||||
| 101.INS | XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document* | |||||||||||||||||||||||||||||||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document* | |||||||||||||||||||||||||||||||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document* | |||||||||||||||||||||||||||||||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document* | |||||||||||||||||||||||||||||||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document* | |||||||||||||||||||||||||||||||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document* | |||||||||||||||||||||||||||||||
| 104 | Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document* | |||||||||||||||||||||||||||||||
| * | Filed herewith. | ||||
| ** | These certifications are not deemed filed by the SEC and are not to be incorporated by reference in any filing we make under the Securities Act of 1933 or the Securities Exchange Act of 1934, irrespective of any general incorporation language in any filings. | ||||
| FLOOR & DECOR HOLDINGS, INC. | ||||||||
Dated: October 29, 2026 | By: | /s/ Bradley S. Paulsen | ||||||
Bradley S. Paulsen | ||||||||
| Chief Executive Officer | ||||||||
| (Principal Executive Officer) | ||||||||
Dated: October 29, 2026 | By: | /s/ Bryan H. Langley | ||||||
| Bryan H. Langley | ||||||||
| Executive Vice President and Chief Financial Officer | ||||||||
(Principal Financial Officer and Principal Accounting Officer) | ||||||||
Date: October 29, 2026 | |||||
/s/ Bradley S. Paulsen | |||||
Bradley S. Paulsen | |||||
| Chief Executive Officer | |||||
| (Principal Executive Officer) | |||||
Date: October 29, 2026 | |||||
| /s/ Bryan H. Langley | |||||
| Bryan H. Langley | |||||
| Executive Vice President and Chief Financial Officer | |||||
(Principal Financial Officer and Principal Accounting Officer) | |||||
Date: October 29, 2026 | |||||
/s/ Bradley S. Paulsen | |||||
Bradley S. Paulsen | |||||
| Chief Executive Officer | |||||
| (Principal Executive Officer) | |||||
Date: October 29, 2026 | |||||
/s/ Bryan H. Langley | |||||
| Bryan H. Langley | |||||
| Executive Vice President and Chief Financial Officer | |||||
(Principal Financial Officer and Principal Accounting Officer) | |||||