Added to YB: 2026-05-26
Pitch date: 2026-05-22
FND [neutral]
Floor & Decor Holdings, Inc.
Author Info
No bio for this author
Company Info
Floor & Decor Holdings, Inc., together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in the United States.
Market Cap
$5.2B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.15
P/E
26.20
EV/Sales
1.48
Sector
Specialty Retail
Category
growth
The Category Killing Copying Costco: Floor & Decor Stock Breakdown
FND (overview): Specialty flooring retailer w/ Costco-like warehouse model: 2K+ SKUs, direct-to-manufacturer sourcing, 60-80K sq ft stores enable widest selection, lowest prices & in-stock inventory. 50% pro mix, 3yr payback, 50% cash-on-cash returns at store level. Taking share despite housing downturn (competitor LL bankrupt). Trading 13x mature earnings. Conservative: 400 stores @$20M/store, 10% EBIT = 12-18% IRR. Optimistic: 500 stores @$25M/store, 15% EBIT = 15-18% IRR. Risks: cyclical demand tied to home sales, new CEO, category expansion diluting value prop.
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