Core Insights - Floor & Decor has opened a new warehouse store in Vancouver, Washington, enhancing its retail footprint in the hard-surface flooring market [1] - The new location features a design center and employs approximately 25 full-time and 15 part-time associates, indicating a commitment to local employment [1] - Sarah Valentine has been appointed as the Chief Executive Merchant for the new store, suggesting a strategic leadership focus [1] Company Expansion - The new warehouse store is located at 11696 Northeast 76th Street, which is part of Floor & Decor's strategy to expand its presence in key markets [1] - This opening reflects the company's ongoing growth trajectory in the high-growth retail sector specializing in flooring [1] Employment and Leadership - The store's workforce includes a mix of full-time and part-time employees, which may enhance operational flexibility and customer service [1] - The leadership of Sarah Valentine as Chief Executive Merchant indicates a focus on effective management and customer engagement at the new location [1]

Nov 20, 2025 8:35 AM Eastern Standard Time Floor & Decor Announces Grand Opening of Mount Pleasant, South Carolina Store Share —Leading high-growth retailer specializing in hard-surface flooring offers homeowners and professionals the industry's broadest in-stock selection of tile, natural wood, natural stone and more, celebrating its new warehouse location in South Carolina— ATLANTA--(BUSINESS WIRE)--Floor & Decor(NYSE: FND), the leading high-growth retailer specializing in hard-surface flooring for homeow ...

ATLANTA--(BUSINESS WIRE)--Floor & Decor (NYSE: FND), the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of its newest warehouse in Washington, located at 19545 Woodinville Snohomish Road NE, Woodinville. The warehouse store and design center has opened with a team of approximately 35 full-time and 15 part-time associates and is led by Shane Hopka, the store's Chief Executive Merchant. Floor & Decor ope. ...

Floor & Decor Announces Grand Opening of Eagle, Idaho Store Share —Leading high-growth retailer specializing in hard-surface flooring offers homeowners and professionals the industry's broadest in-stock selection of tile, natural wood, natural stone and more, celebrating its new warehouse location in the Boise area— ATLANTA--(BUSINESS WIRE)--Floor & Decor(NYSE: FND), the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has announced the grand opening of it ...

Core Viewpoint - Floor & Decor Holdings Inc. is expected to capture a larger market share in 2026 as housing conditions improve and industry competition eases [1] Market Outlook - Goldman Sachs upgraded Floor & Decor to Neutral from Sell, with a 12-month price forecast of $71, down from $80, citing expectations for a modestly improved U.S. housing backdrop in 2026 [2] - The bank noted that while housing turnover has not recovered since January, the backdrop appears steady and could strengthen as mortgage rates decline [3] Store Expansion and Performance - Management continues to open stores at a pace of 20 units per year, with flexibility to accelerate in 2026 if conditions improve [4] - New-store performance remains pressured, with average revenue at $11 million versus long-term targets, though improvement is expected as macro conditions normalize [9] Financial Projections - For 2025, management guided sales of $4.66-$4.71 billion, up 5%-6% year over year, with comparable store sales projected to decline by -2% to -1% [8] - Goldman forecasts revenue of $4.68 billion for 2025, $5.08 billion for 2026, and $5.68 billion for 2027, with EPS estimates of $1.87, $2.08, and $2.59 for 2025, 2026, and 2027 respectively [11] Market Share and Competitive Position - Floor & Decor is well positioned as smaller rivals struggle with tariffs and tighter economics, with expectations for market-share gains due to bankruptcies and store closures at competitors [5][8] - Competitive pricing analysis shows Floor & Decor maintains prices below industry averages across most comparable products [8] Margin Resilience - Margins remain resilient, supported by disciplined pricing, supply-chain savings, and higher-margin design services, with 2025 gross margin guidance at 43.6%-43.7% [11]

Upgrades - JPMorgan upgraded Outfront Media (OUT) to Overweight from Neutral with a price target of $25, up from $19, citing the out-of-home channel as the most resilient traditional advertising market with improved momentum in Q3 [2] - Guggenheim upgraded Grail (GRAL) to Buy from Neutral with a price target of $100, noting that while Galleri is not a perfect test, it remains the leading commercially available MCED test with a significant data moat [3] - Piper Sandler upgraded Floor & Decor (FND) to Overweight from Neutral with a price target of $80, up from $75, highlighting potential for comparable sales improvement by Q1 of 2026 [4] - KeyBanc upgraded Progyny (PGNY) to Overweight from Sector Weight with a price target of $30, indicating limited share downside and several positive catalysts over the next 12 months [4] - KeyBanc upgraded AT&T (T) to Overweight from Sector Weight with a price target of $30, attributing the recent share pullback to overblown wireless competition concerns [5] Downgrades - Raymond James downgraded Bath & Body Works (BBWI) to Market Perform from Outperform, stating that the company's growth will be below its long-term potential due to slow improvements in digital capabilities and distribution [6] - Wolfe Research downgraded Intellia Therapeutics (NTLA) to Peer Perform from Outperform, citing safety issues with nexiguran ziclumeran as a hindrance to the bull thesis [6] - Raymond James double downgraded Brighthouse Financial (BHF) to Market Perform from Strong Buy, referencing the announcement of its acquisition deal for $70 per share [6] - Raymond James double downgraded Centerspace (CSR) to Market Perform from Strong Buy, noting that while the portfolio is attractive for potential buyers, the recent rally has closed the valuation gap with multifamily peers [6] - Northland downgraded QuickLogic (QUIK) to Market Perform from Outperform, maintaining a price target of $5.95, after the company reported revenue in line with guidance and uncertainty regarding a $3M contract [6]

Group 1 - Baron Real Estate Fund delivered strong performance in Q3 2025, appreciating 10.25% compared to the MSCI US REIT Index's 4.49% and the MSCI USA IMI Extended Real Estate Index's 5.65% [1] - The fund highlighted Floor & Decor Holdings, Inc. (NYSE:FND) as a key stock, which experienced a one-month return of -14.20% and a 52-week loss of 40.63% [2] - Floor & Decor Holdings, Inc. had a market capitalization of $6.55 billion as of November 11, 2025, with shares closing at $60.79 [2] Group 2 - Following a significant decline in shares during the first half of 2025, Baron Real Estate Fund began acquiring shares of Floor & Decor Holdings, Inc. [3] - Floor & Decor Holdings, Inc. was held by 46 hedge fund portfolios at the end of Q2 2025, an increase from 44 in the previous quarter [4] - The company's sales for Q3 grew by 5.5% to $1.180 billion, indicating potential for investment despite the current challenges [4]

Core Insights - The investment approach emphasizes fundamental, valuation-driven strategies focusing on businesses with potential for long-term growth and significant terminal value [1] Group 1: Investment Philosophy - The company prioritizes understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The focus is on sectors that exhibit strong secular tailwinds, indicating a preference for industries poised for sustained growth [1] Group 2: Professional Background - The analyst has a decade of self-educated investment experience and currently manages personal funds sourced from friends and family [1] - The motivation for sharing insights on platforms like Seeking Alpha is to provide valuable investment analysis and receive feedback from the investment community [1] Group 3: Analytical Approach - The analysis aims to highlight factors that drive long-term equity value, advocating for a blend of analytical rigor and accessibility in investment research [1]

Core Insights - Floor & Decor has opened a new warehouse store in Cortlandt Manor, New York, enhancing its retail footprint in the region [1] - The new location features a design center and employs approximately 25 full-time and 15 part-time associates [1] - Michelle Lockwood has been appointed as the Chief Executive Merchant for the new store [1] Company Overview - Floor & Decor is recognized as a leading high-growth retailer specializing in hard-surface flooring for both homeowners and professionals [1] - The company continues to expand its operations, indicating a strong growth trajectory in the retail sector [1]

Core Insights - The financial results for the second quarter of FY '25 show a significant increase in GMV and EBITDA, indicating positive growth for the company [3]. Financial Performance - GMV increased by 11.9% year-on-year to JPY 312.4 billion [3] - GMV, excluding other GMV, increased by 12.2% year-on-year to JPY 292.6 billion [3] - EBITDA increased by 5.8% year-on-year to JPY 34.7 billion [3] - The EBITDA margin was 11.9%, reflecting a 0.7 percentage point decrease compared to the same period last year [3] Progress Against Company Plan - Progress against the revised company plan announced on July 31 shows GMV, excluding other GMV, at 44.8% and EBITDA at 45.3% [4]