Oct 3, 2025 4:35 PM Eastern Daylight Time —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, celebrates its new warehouse location in Tennessee— 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 location i ...

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 location in Winston-Salem at 3925 Oxford Station Way, Winston-Salem, NC, 27103. 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 Selena Sykes, the store's Chief Executive Merchant. Floor & Deco. ...

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 location in North Scottsdale at 15515 N. Hayden Road. The warehouse store and design center has opened with a team of approximately 25 full-time and 10 part-time associates, and is led by Timothy Cheston, the store's Chief Executive Merchant. Floor & Decor operates more than 2. ...

Core Insights - Home Depot and Floor & Decor are significant players in the Retail - Home Furnishings industry, with Home Depot being the largest home improvement retailer globally, while Floor & Decor specializes in hard-surface flooring [1][2]. Home Depot Overview - Home Depot has a market capitalization of approximately $409 billion and operates over 2,300 stores, offering a wide range of building materials, tools, appliances, and décor products [1]. - For fiscal 2025, Home Depot anticipates total sales growth of about 2.8%, comparable sales growth of roughly 1%, and an adjusted operating margin of 13.4% [3]. - In Q2, Home Depot's sales increased by 4.9% year-over-year to $45.3 billion, with 1% growth in overall comparable sales [4]. - The company is focusing on digital transformation, with online comparable sales rising about 12% in the quarter, enhancing customer satisfaction and engagement [5]. - The professional customer segment is a major growth driver, with significant spending increases observed among Pro customers utilizing trade credit facilities [6]. Floor & Decor Overview - Floor & Decor has a market capitalization of around $8.8 billion and operates over 250 warehouse-format stores, focusing on the hard-surface flooring market [2]. - In Q2, Floor & Decor reported a 7.1% year-over-year increase in net sales and an 11.5% rise in earnings per share, aided by margin expansion [9]. - The company plans to open 20 new warehouse stores in fiscal 2025 and at least another 20 in 2026, contributing to revenue and market share growth [10]. - Floor & Decor is benefiting from high-margin verticals, particularly design services and commercial projects, with design-driven sales growing rapidly [11]. - Management forecasts fiscal 2025 revenues between $4.66 billion and $4.75 billion, reflecting 5-7% year-over-year growth [12]. Comparative Performance - Over the past six months, Home Depot shares have increased by 13.9%, while Floor & Decor shares have decreased by 1.2%, contrasting with the overall industry growth of 12.5% [20]. - Home Depot's forward P/E ratio is 25.86, while Floor & Decor's is 39.17, indicating differing valuations [21]. - Home Depot's scale, diversified offerings, and digital capabilities provide resilience against economic fluctuations, while Floor & Decor faces challenges from a weak housing market and discretionary spending pressures [22].

Montaka Global Investments, an investment management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm is focused on sustainably compounding its portfolio over the long term. The June quarter was interesting for investors. In the first week, Trump’s ‘Liberation Day’ tariff policy caused a double-digit drop in the S&P 500. However, the index then rebounded nearly 25%, despite ongoing Israeli and US attacks on Iran. Although volatile, such market ...

Group 1 - Madison Mid Cap Fund's Class Y returned 5.2% in Q2 2025, underperforming the Russell Midcap Index which increased by 8.5% [1] - The fund's top five holdings were highlighted, indicating its best picks for 2025 [1] Group 2 - Floor & Decor Holdings, Inc. (NYSE:FND) is a multi-channel specialty retailer of hard surface flooring, with a one-month return of 0.48% and a 52-week loss of 30.37% [2] - As of September 18, 2025, Floor & Decor's stock closed at $83.37, with a market capitalization of $8.978 billion [2] - The Madison Mid Cap Fund increased its holdings in Floor & Decor during Q2 2025, despite declining investor sentiment in housing-related stocks, maintaining a positive long-term earnings outlook for the company [3] - Floor & Decor's sales grew by 7.1% to $1.214 billion in Q2 2025, with 46 hedge fund portfolios holding the stock, an increase from 44 in the previous quarter [3]

Core Points - Floor & Decor is celebrating its sixth annual Pro Appreciation Month in September, featuring free training events and giveaways to honor construction and flooring professionals [1][2] - The company emphasizes the importance of professionals in the industry, highlighting their skills and contributions to the business [2][4] Training and Educational Offerings - This year's virtual training series includes four new webinars offered in both English and Spanish, aimed at enhancing skills and providing time-saving solutions [2] - The webinars are scheduled for September 3, 10, 17, and 24, covering topics such as XL Porcelain Slabs, Curbless Showers, Nail-Down Wood Flooring, and Time-Saving Tile Tips [5] Giveaways and Rewards - Throughout September, professionals can redeem PRO Premier Rewards points for Floor & Decor gift cards, enhancing the value of their completed projects [3] - Major giveaways include a chance to win a new Mercedes-Benz Sprinter Van and in-store prizes such as a DeWalt Grabo Lifter Kit valued at $369 [5] Company Overview - Floor & Decor operates 257 warehouse-format stores and five design studios across 38 states as of June 26, 2025, specializing in hard surface flooring and related accessories [4] - The company was founded in 2000 and is headquartered in Atlanta, Georgia, offering a wide range of flooring options at everyday low prices [4]

Core Insights - Floor & Decor has opened a new warehouse location in the Antelope Valley region, specifically at 44765 Valley Central Way in Lancaster [1] - The new facility includes a warehouse store and design center, employing approximately 23 full-time and 10 part-time associates [1] - April Barrera has been appointed as the Chief Executive Merchant for the new location [1]

Group 1 - The article discusses the investment approach towards Floor & Decor Holdings, emphasizing a fundamentals-based value investing strategy that prioritizes long-term durability and affordability over low valuation multiples [1] - It highlights the misconception that low multiple stocks are inherently cheap, advocating for a focus on companies with steady long-term growth, no cyclicality, and strong balance sheets [1] - The article acknowledges the risks associated with investing in successful companies, particularly the potential to overpay, underscoring the importance of valuation in investment decisions [1] Group 2 - The author expresses a belief that in certain situations, the potential for growth can outweigh immediate price concerns, suggesting that some companies may have a vast development runway [1]

Core Insights - Floor & Decor reported better-than-expected GAAP results with diluted earnings per share of $0.58 and revenue of $1.21 billion, surpassing consensus estimates [1][5] - The company achieved its first positive same-store sales growth since late 2022, indicating a potential stabilization in performance [1][6] - Management maintains a cautious outlook for fiscal 2025, anticipating challenges in consumer demand and housing [1][11] Financial Performance - Revenue increased by 7.1% year-over-year to $1,214.2 million, exceeding analyst expectations [2][5] - Diluted EPS rose by 11.5% from the prior period, reflecting improved profitability [2][5] - Comparable store sales growth was recorded at 0.4%, marking a return to positive territory [2][6] - Operating income grew to $81.9 million, a 14.8% increase, while Adjusted EBITDA rose by 9.7% to $150.2 million [2][6] Strategic Focus - The company operates as a specialty retailer of hard surface flooring, targeting both professional installers and homeowners [3] - Key strategic pillars include a direct sourcing model, warehouse-format store growth, and competitive pricing [4] - The company sources from over 240 vendors across 26 countries, reducing reliance on Chinese suppliers [9] Operational Developments - Floor & Decor opened three new warehouse-format stores, bringing the total to 257, with plans to add 20 new stores in FY2025 [8] - Management emphasized disciplined cost control, with operating expenses growing at a slower rate than sales [7] - Digital sales accounted for approximately 18.3% of net sales in Q1 FY2025, supported by product innovation [10] Future Guidance - Management provided guidance for FY2025, projecting net sales of $4.66–4.75 billion and diluted EPS between $1.75 and $2.00 [11] - The guidance reflects ongoing universal tariffs and anticipates potential volatility in consumer demand [11][12] - Investors are advised to monitor the company's navigation of supply-chain dynamics and pricing power as market conditions evolve [12]