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# Floor & Decor's Cash Flow Nearly Doubled To $485.3 Million, And Supplier Payables Did Most Of The Work
- URL: https://www.bullished.co/floor-and-decors-cash-flow-nearly-doubled-to-485-3-million-and-supplier-payables-did-most-62b5be68/
- Published: 2026-10-29T21:18:54.000Z
- Updated: 2026-10-29T21:18:54.000Z
- Description: The retailer's own 10-Q credits higher trade payables for the jump, while it spent $157.1 million on buybacks over nine months.
- Author: Matteo Parrino
- Tags: SEC Filings, FND, Industry: Not classified

[Floor & Decor](https://www.bullished.co/tag/fnd/), the hard-surface flooring retailer, generated [$485.3 million](https://www.sec.gov/Archives/edgar/data/0001507079/000162828026068259/fnd-20260924.htm?ref=bullished.co) of operating cash in the first nine months of fiscal 2026, up from $257.8 million a year earlier. The company's 10-Q, filed Thursday, attributes the increase primarily to growth in trade accounts payable, the money it owes suppliers.

## Payables swing does the heavy lifting

Trade payables contributed $115.9 million of operating cash in the thirty-nine weeks ended September 24, 2026, against a $73.8 million drain in the same stretch of 2025\. Receivables used $29.6 million and inventories $40.0 million this year.

On the balance sheet, payables stood at $790.7 million, up from $683.7 million at December 25, 2025\. Inventories rose to $1,173.1 million from $1,133.1 million.

Supply-chain-finance balances, which sit inside payables, were $169.1 million, against $133.2 million at year-end. Under those programs, banks pay suppliers early and the company repays the banks on the original invoice due date. The [prior quarter's filing](https://www.sec.gov/Archives/edgar/data/0001507079/000162828026051069/fnd-20260625.htm?ref=bullished.co) put the figure at $152.9 million.

## A soft sales backdrop

Floor & Decor runs 282 warehouse-format stores and five design studios across 39 states, selling tile, laminate and vinyl, wood and stone to professional installers and homeowners. Net sales rose 1.8% to $3.62 billion for nine months, but comparable store sales fell 2.4% and comparable transactions fell 3.7%. Growth came from the 20 new stores opened since September 25, 2025.

A one-time recovery of IEEPA tariff refunds flattered margins. The company recognized about $56 million through cost of sales, lifting nine-month gross margin to 45.4%; the refunds account for 160 basis points of that. It says it has received substantially all of the roughly $87 million it paid.

## Buybacks and a deep credit line

The company repurchased $157.1 million of stock over nine months, $91.4 million of it in the third quarter, and has $242.9 million left on a $400.0 million authorization. Cash was $392.5 million.

Nothing was drawn on its $800 million asset-based credit line, which had $641.3 million available at quarter-end. Only $200.0 million of term-loan debt is outstanding.

Separately, in an [8-K](https://www.sec.gov/Archives/edgar/data/0001507079/000162828026068242/fnd-20261027.htm?ref=bullished.co), the company said Executive Chair Thomas Taylor will become non-executive chair effective January 1, 2027.

Fiscal 2026 includes a 53rd week, which the company guides will add about $65 million to sales, so fourth-quarter results will show how much of the payables gain holds.

### Sources

- [10-Q Filing — Floor & Decor (FND)](https://www.sec.gov/Archives/edgar/data/0001507079/000162828026068259/fnd-20260924.htm?ref=bullished.co) — SEC EDGAR
- [10-Q Filing — Floor & Decor (FND), Q2 FY2026 filed 2026-07-30 (comparison basis)](https://www.sec.gov/Archives/edgar/data/0001507079/000162828026051069/fnd-20260625.htm?ref=bullished.co) — SEC EDGAR
- [8-K Filing — Floor & Decor, filed 2026-10-29 (Items 2.02, 5.02, 7.01, 9.01)](https://www.sec.gov/Archives/edgar/data/0001507079/000162828026068242/fnd-20261027.htm?ref=bullished.co) — SEC EDGAR
- [Earnings release (8-K Item 2.02, fnd-20260924x8kxex991.htm) — Floor & Decor, filed 2026-10-29](https://www.sec.gov/Archives/edgar/data/0001507079/000162828026068242/fnd-20260924x8kxex991.htm?ref=bullished.co) — SEC EDGAR
- [Floor & Decor Holdings Non-GAAP EPS of $0.61 beats by $0.04, revenue of $1.22B in-line (FND:NYSE) | Seeking Alpha](https://seekingalpha.com/news/4660777-floor-and-decor-holdings-non-gaap-eps-of-0%5F61-beats-by-0%5F04-revenue-of-1%5F22b-in-line?ref=bullished.co) — seekingalpha.com
- [Floor & Decor Holdings, Inc. (FND) Stock Price, News, Quote & History - Yahoo Finance](https://ca.finance.yahoo.com/quote/FND/?ref=bullished.co) — Yahoo Finance
- [Floor & Decor Holdings, Inc. (FND) Stock Forecasts](https://ca.finance.yahoo.com/research/reports/ARGUS%5F6171%5FQuantitativeReport%5F1793145600000?ref=bullished.co) — Yahoo Finance
- [Home furnishing and improvement retail stocks Q2 results: benchmarking Home Depot (NYSE:HD)](https://finance.yahoo.com/markets/stocks/articles/home-furnishing-improvement-retail-stocks-000647716.html?ref=bullished.co) — Yahoo Finance
- [Floor & Decor cut to hold at Stifel as housing outlook dims (FND:NYSE) | Seeking Alpha](https://seekingalpha.com/news/4657321-floor-decor-cut-to-hold-at-stifel-as-housing-outlook-dims?ref=bullished.co) — seekingalpha.com

### More on Floor & Decor

- [Floor & Decor Earnings Per Share Climb 15% Even As Same-Store Sales Slip 1.4%](https://www.bullished.co/floor-and-decor-earnings-per-share-climb-15-even-as-same-store-sales-slip-1-4-f160d031/)

[All Floor & Decor (FND) coverage →](https://www.bullished.co/tag/fnd/)