Floor & Decor Holdings Inc. (FND) experienced a significant after-hours plunge of 7.02% following the release of its first-quarter fiscal 2026 results.
The company reported diluted earnings per share of $0.37, a 17.8% decrease year-over-year and below the analyst consensus estimate of $0.42. Net sales of $1.15 billion also missed expectations, declining 0.7% as comparable store sales fell 3.7%.
The company attributed the weaker-than-anticipated results to a challenging demand environment driven by elevated 30-year mortgage rates, higher gas prices, and geopolitical tensions in the Middle East, which collectively dampened consumer sentiment and reduced demand for big-ticket discretionary purchases. The fiscal 2026 outlook, which forecasts comparable store sales growth between -4% and 0%, further signals ongoing headwinds.