Every material Form 8-K Floor & Decor has filed with the SEC since August 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Floor & Decor reported third-quarter fiscal 2026 net sales of $1,214.6 million, up 3.0%, and diluted EPS of $0.61, up 15.1%, but comparable store sales declined 1.4%. Adjusted diluted EPS for the first 39 weeks fell 0.6% to $1.55 after excluding one-time tariff refunds, and the company issued fiscal 2026 guidance that includes a 53rd week. The filing also discloses board changes: Chair Thomas Taylor will become non-executive Chair on January 1, 2027, and Lead Director Norman Axelrod will retire at the 2027 annual meeting.
Q3 net sales of $1,214.6 million rose 3.0% from $1,179.5 million; comparable store sales decreased 1.4%.
Q3 diluted EPS of $0.61 rose 15.1% from $0.53; 39-week adjusted diluted EPS of $1.55 fell 0.6% from $1.56.
Fiscal 2026 outlook: net sales of $4,765 million to $4,835 million and diluted EPS of $2.19 to $2.29, including a 53rd week. The filing does not state the prior outlook.
Thomas Taylor moves from Executive Chair to non-executive Chair effective January 1, 2027; Lauren Taylor Wolfe joins the board February 1, 2027.
Floor & Decor reported second-quarter fiscal 2026 net sales up 3.0% to $1,250.3 million, while comparable store sales fell 2.1%. GAAP diluted EPS rose 53.4% to $0.89, but that figure includes $45.2 million of one-time IEEPA tariff refunds, and adjusted diluted EPS was flat at $0.58. The company also issued fiscal 2026 guidance, including adjusted diluted EPS of about $1.88 to $2.13 and a 53-week year.
Net sales of $1,250.3 million rose 3.0% from $1,214.2 million a year earlier; comparable store sales decreased 2.1%.
Diluted EPS of $0.89 rose 53.4%; adjusted diluted EPS of $0.58 was flat, excluding $45.2 million of tariff refunds.
Fiscal 2026 guidance: net sales of about $4,770 million to $4,990 million; adjusted diluted EPS of about $1.88 to $2.13.
The company repurchased $65.7 million of stock and opened five new warehouse stores in the quarter.
Floor & Decor's subsidiary Floor and Decor Outlets of America refinanced its term loan and revolving credit facilities on June 24, 2026, replacing the prior agreements with a new $200.0 million senior secured term loan maturing in 2033 and an $800 million ABL revolver maturing in 2031. The filing does not describe any change in operations, but the new term loan carries a 2.00% SOFR margin and the company's debt terms and maturities have been extended.
New $200.0 million senior secured term loan matures June 24, 2033, with a SOFR margin of 2.00% per annum
New $800 million ABL revolving facility matures June 24, 2031, with an accordion feature of up to $200 million
Prior term loan and ABL agreements were repaid in full with no early termination penalties; they would have expired February 14, 2027 and August 4, 2027
Floor & Decor reported first-quarter fiscal 2026 net sales of $1.15 billion, down 0.7%, with diluted EPS of $0.37 versus $0.45 a year earlier, and comparable store sales fell 3.7%. The company also issued fiscal 2026 guidance of diluted EPS of approximately $1.83 to $2.08 and announced a share repurchase program of up to $400 million, approved by its board on April 23, 2026.
Net sales of $1,152.3 million, down 0.7% from $1,160.7 million; comparable store sales down 3.7%
Diluted EPS of $0.37, down 17.8% from $0.45; net income of $39.7 million, down 18.8%
Fiscal 2026 outlook: diluted EPS of approximately $1.83 to $2.08 and comparable store sales of approximately (4.0)% to flat
$400 million share repurchase program approved April 23, 2026, with no expiration date and no obligation to repurchase
Floor & Decor reported fourth-quarter fiscal 2025 net sales of $1,129.7 million, up 2.0%, but comparable store sales fell 4.8% and diluted EPS dropped 18.2% to $0.36. For the full year, net sales rose 5.1% to $4,684.1 million and diluted EPS edged up 1.1% to $1.92. The company also guided fiscal 2026 diluted EPS to $1.98 to $2.18, including a 53rd week.
Q4 net income of $39.3 million fell 17.2% from $47.5 million; operating income of $51.9 million fell 12.3%
Q4 comparable store sales decreased 4.8%; the company opened eight new warehouse stores in the quarter
Full-year fiscal 2025 diluted EPS of $1.92 compared with $1.90 in fiscal 2024
Fiscal 2026 guidance: net sales of approximately $4,880 million to $5,030 million and comparable store sales of approximately (2.0)% to 1.0%
Floor & Decor's board appointed Bradley S. Paulsen as chief executive officer and a director, effective December 26, 2025, the first day of fiscal 2026. Thomas V. Taylor, the current CEO, becomes Executive Chair on the same date, and director Richard Sullivan will retire at the end of his term. The filing also enhances severance terms for three senior executives, which shareholders may track in future proxy disclosures.
Bradley S. Paulsen: CEO and board member effective December 26, 2025; annual base salary $1,000,000 and target bonus of 125% of salary; no equity awards granted in connection with the transition
Thomas V. Taylor: moves from CEO to Executive Chair effective December 26, 2025; annual base salary $800,000 and target bonus of 100% of salary
Director Richard Sullivan will retire at the end of his current term and will not stand for re-election at the 2026 annual meeting; the filing says the decision did not involve any disagreement with the company
Amended employment agreements for CFO Bryan Langley, David Christopherson and Ersan Sayman add 12 months of salary continuation and related benefits on certain terminations
Floor & Decor reported third-quarter fiscal 2025 results for the quarter ended September 25, 2025, with net sales up 5.5% and diluted EPS up 10.4%, while comparable store sales fell 1.2%. The company also updated its fiscal 2025 outlook, guiding to diluted EPS of approximately $1.87 to $1.97.
Net sales of $1,179.5 million, up 5.5% from $1,117.9 million a year earlier
Diluted EPS of $0.53, up 10.4% from $0.48; the CEO said this exceeded the high end of the company's guidance
Comparable store sales decreased 1.2%; the company opened five new warehouse stores in the quarter
Updated fiscal 2025 outlook: diluted EPS of approximately $1.87 to $1.97 and net sales of approximately $4,660 million to $4,710 million
Floor & Decor reported second-quarter fiscal 2025 results for the quarter ended June 26, 2025, with net sales of $1.21 billion and diluted EPS of $0.58, both up year over year. The company also issued updated fiscal 2025 guidance, including diluted EPS of approximately $1.75 to $2.00, giving shareholders a current range for full-year profit.
Net sales of $1,214.2 million, up 7.1% from $1,133.1 million in the second quarter of fiscal 2024
Diluted EPS of $0.58, up 11.5% from $0.52; net income of $63.2 million
Comparable store sales rose 0.4%, the first quarterly increase since the fourth quarter of fiscal 2022
Updated fiscal 2025 outlook: net sales of approximately $4,660 million to $4,750 million and diluted EPS of approximately $1.75 to $2.00
Floor & Decor reported first quarter fiscal 2025 results for the period ended March 27, 2025. Net sales rose 5.8% to $1,160.7 million, but comparable store sales fell 1.8%, and diluted EPS fell 2.2% to $0.45 as income tax expense rose. The company also cut its planned fiscal 2025 new store openings to 20 from 25 and gave an updated outlook that includes diluted EPS of approximately $1.70 to $2.00.
Net sales of $1,160.7 million, up 5.8% from $1,097.3 million a year earlier; comparable store sales down 1.8%
Diluted EPS of $0.45 versus $0.46; net income of $48.9 million, down 2.3%
Operating income of $64.2 million, up 8.3%; adjusted EBITDA of $129.8 million, up 5.5%
Fiscal 2025 outlook: diluted EPS of approximately $1.70 to $2.00; new store openings cut to 20 from 25
Floor & Decor reported fourth-quarter fiscal 2024 net sales of $1.1 billion, up 5.7%, and diluted EPS of $0.44, up 29.4%, though comparable store sales fell 0.8%. For the full fiscal year, net sales rose 0.9% to $4.5 billion, but diluted EPS fell 16.7% to $1.90 and comparable store sales decreased 7.1%. The company also guided to fiscal 2025 diluted EPS of $1.80 to $2.10.
Q4 fiscal 2024 net sales of $1,107.4 million, up 5.7%; comparable store sales down 0.8%
Q4 diluted EPS of $0.44, up 29.4%, including a $0.05 benefit from a derivative litigation settlement
Fiscal 2024 operating income of $256.2 million, down 20.3%; diluted EPS of $1.90, down 16.7%
Fiscal 2025 guidance: net sales of approximately $4,740 million to $4,900 million and diluted EPS of approximately $1.80 to $2.10
Floor & Decor appointed Bradley Paulsen, currently CEO of North America for Rentokil Initial plc, as President effective April 28, 2025, reporting to CEO Tom Taylor. President Trevor Lang's retirement is now set for March 1, 2025, with no severance and unvested equity forfeited, so the filing shows a planned leadership transition at the top of the management team.
Trevor S. Lang, President, retires March 1, 2025; he will receive no severance and unvested equity awards will be forfeited.
Bradley Paulsen, age 49, joins as President effective April 28, 2025, reporting to CEO Tom Taylor.
Paulsen's employment agreement provides an initial base salary of $800,000, a 100% target annual cash incentive, a $1.6 million sign-on bonus and a $3.7 million long-term equity award to be granted May 5, 2025.
Paulsen previously was CEO, North America at Rentokil Initial plc and CEO of Rexel USA, and spent nine years at The Home Depot.
Floor & Decor Holdings appointed Nada Aried, currently Executive Vice President and Chief Digital Technology Officer of Safelite Autoglass, to its Board of Directors, effective January 1, 2025. Director Peter Starrett will retire from the Board effective February 28, 2025, and the filing says his retirement is not related to any disagreement with the company. The change adds a director with technology and digital retail experience and does not include financial results or guidance.
Nada Aried joins the Board effective January 1, 2025, and is expected to serve on the Audit Committee.
Aried has over 30 years in specialty retail and services, including Chief Information Officer roles at Bath & Body Works from October 2020 to September 2024.
Peter Starrett, who informed the company on October 30, 2024, retires from the Board effective February 28, 2025.
CEO Tom Taylor said Aried will advise on digital strategy, cybersecurity and the company's connected customer experience.
Floor & Decor reported third-quarter fiscal 2024 results for the quarter ended September 26, 2024. Net sales rose 0.9% to $1.1 billion, but comparable store sales fell 6.4%, operating income fell 21.8%, and diluted EPS fell 21.3% to $0.48. The company also updated its fiscal 2024 outlook, now forecasting diluted EPS of approximately $1.65 to $1.75 and comparable store sales of approximately (8.5)% to (7.5)%.
Net sales of $1,117.9 million rose 0.9% from $1,107.8 million a year earlier, while comparable store sales decreased 6.4%.
Operating income of $66.3 million fell 21.8%, and net income of $51.7 million fell 21.6%.
Diluted EPS of $0.48 compared with $0.61 in the third quarter of fiscal 2023.
Updated fiscal 2024 outlook: diluted EPS of approximately $1.65 to $1.75 and adjusted EBITDA of approximately $490 million to $500 million.
Floor & Decor said its Vice President and Chief Accounting Officer, Luke Olson, intends to resign effective December 12, 2024, to pursue another opportunity. The company states the departure does not involve any disagreement on financial statements, internal controls, operations, policies or practices. CFO Bryan Langley will take over as principal accounting officer after Olson leaves.
Luke Olson gave notice on October 10, 2024 of his intention to resign as Vice President and Chief Accounting Officer, effective December 12, 2024.
Olson will remain principal accounting officer until December 12, 2024.
Bryan Langley, Executive Vice President and Chief Financial Officer, will assume the principal accounting officer role.
The company states the resignation is not related to any disagreement on financial statements, internal control, operations, policies or practices.
Floor & Decor said President Trevor Lang intends to retire, and the company is searching for a successor. Lang has agreed to stay in his current role as long as needed to facilitate the transition, and there is no change to his compensation or employment terms tied to the retirement.
Trevor Lang informed the company on September 3, 2024 of his intent to retire.
Lang joined in 2011 as SVP and CFO, became EVP and CFO in 2014, and was named President in 2022.
Lang will remain in his current role as long as needed to facilitate succession.
No change to Lang's compensation or other employment terms in connection with the retirement.
Floor & Decor reported second-quarter fiscal 2024 results for the period ended June 27, 2024, with net sales of $1,133.1 million, down 0.2%, and comparable store sales down 9.0%. Diluted earnings per share fell to $0.52 from $0.66, and the company issued an updated outlook for fiscal 2024 with diluted EPS of approximately $1.55 to $1.75, which shareholders will weigh against the weaker quarter.
Net sales of $1,133.1 million were down 0.2% from $1,135.9 million a year earlier; comparable store sales fell 9.0%.
Net income of $56.7 million was down 20.7%, and diluted EPS of $0.52 was down 21.2% from $0.66.
Updated fiscal 2024 outlook: diluted EPS of approximately $1.55 to $1.75 and comparable store sales of approximately (8.5)% to (6.5)%.
The company opened five warehouse stores in the quarter, plans 30 openings in 2024, and expects about 25 in 2025.
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