Retail stocks fall as gas prices pressure discretionary spending; Floor & Decor (FND) drops

Shares of consumer-facing retailers including Monro, Floor & Decor (FND) and Boot Barn traded lower on May 14, 2026, as investors weighed the risk that rising gasoline prices will squeeze household budgets and curb discretionary purchases. Gas prices have climbed to their highest levels since 2022, with WTI crude above $105 a barrel and gasoline near $4 a gallon. The pressure is expected to hit lower- and middle-income consumers hardest, raising concerns for retailers selling apparel, home goods and other nonessential products. Consumer sentiment also weakened sharply. The University of Michigan’s April index fell to 47.6, the lowest reading in the survey’s 74-year history. Floor & Decor shares were down 22.4% year to date at $48.88, 45.9% below their 52-week high of $90.42 in September 2025.