Financial Data and Key Metrics Changes - Total fourth quarter sales increased 20.7% to a record $527 million from $436.7 million last year [8] - Full-year total sales increased 19.6% to a record $2 billion, nearly triple the 2015 sales of $784 million [8] - Fourth quarter GAAP diluted earnings per share rose 100% to $0.34 from $0.17 in Q4 2018 [9] - Full-year GAAP diluted earnings per share increased 29.7% to $1.44 from $1.11 in 2018 [10] - Adjusted EBITDA margin rate increased 100 basis points to 11.2% from 10.2% last year [80] Business Line Data and Key Metrics Changes - Comparable store sales grew 5.2% in Q4 2019, slightly above the guidance of 4% to 5% [18] - Fourth quarter sales in the laminate and rigid core luxury vinyl plank category increased 36.7% to $120.4 million, accounting for 22.8% of total sales [24] - Decorative accessories sales grew 25.5% to $101.5 million, accounting for 19.3% of sales [28] - Comparable store sales in wood and tile categories were below last year due to product transition challenges [29] Market Data and Key Metrics Changes - E-commerce sales accelerated to 66% growth in Q4 from 54% in Q3 2019, accounting for 11.4% of total sales [33] - Full-year e-commerce sales increased 61.2%, accounting for 10.1% of total sales [34] - Existing home sales were up 10.8% in December 2019, reversing a year-over-year decline [56] Company Strategy and Development Direction - The company plans to open 24 new warehouse stores in 2020, maintaining a 20% unit growth rate [15] - A new design studio in Dallas is being tested to capture market share in higher-income areas [16] - The introduction of free design services is expected to enhance customer engagement and conversion rates [47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a favorable macroeconomic backdrop for 2020, with expectations for mid to high single-digit comparable store sales growth [58] - The company is monitoring potential production delays due to the coronavirus outbreak and is in a good position to manage supply chain disruptions [52] - Management anticipates recovering approximately $19.3 million related to Section 301 tariff refunds in 2020 [55] Other Important Information - The company announced the promotion of Lisa Laube to President, highlighting her contributions since joining in 2012 [60] - New multi-year employment agreements were established for the executive leadership team to align compensation with long-term performance objectives [62] Q&A Session All Questions and Answers Question: How does the company view the controversy in 2020 regarding market growth and pricing? - Management expects a better macro backdrop with improving existing home sales and plans to maintain a price leadership position despite tariff relief [109][113] Question: Can you provide insights on product margins during the quarter? - Management noted that product margins were satisfactory, and the company is experiencing a good, better, best trade-up tailwind [120]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 26, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Securities registered pursuant to Section 12(g) of the Act: Commission file number 001-38070 Floor & Decor Holdings, Inc. (Exact name of registrant as sp ...

Floor & Decor Holdings, Inc. (NYSE:FND) Q3 2019 Earnings Conference Call November 1, 2019 9:00 AM ET Company Participants Wayne Hood - Vice President, Investor Relations Tom Taylor - Chief Executive Officer Trevor Lang - Executive Vice President & Chief Financial Officer Lisa Laube - Executive Vice President & Chief Merchandising Officer Conference Call Participants Seth Sigman - Credit Suisse Zack Fadem - Wells Fargo Christopher Horvers - JPMorgan Simeon Gutman - Morgan Stanley Atul Maheswari - UBS Kate Mc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 27-3730271 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Washington, D.C. 20549 For the transition period from to Commission file number 001-38070 Floor & Decor Holdings, Inc. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name ...

Floor & Decor Holdings (NYSE:FND) Q2 2019 Earnings Conference Call August 1, 2019 4:30 PM ET Company Participants Wayne Hood – Vice President of Investor Relations Tom Taylor – Chief Executive Officer Trevor Lang – Executive Vice President and Chief Financial Officer Lisa Laube – Executive Vice President and Chief Merchandising Officer Conference Call Participants Simeon Gutman – Morgan Stanley John Baugh – Stifel Michael Lasser – UBS Chuck Grom – Gordon Haskett Zach Fadem – Wells Fargo Peter Keith – Piper ...

Part I – Financial Information [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The company's financial statements for the period ended June 27, 2019, show significant changes from adopting the new lease accounting standard, recognizing substantial right-of-use assets and lease liabilities, while achieving strong growth in net sales, net income, and operating cash flow [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 27, 2019, total assets increased to $2.01 billion from $1.23 billion at year-end 2018, largely due to $720 million in Right of Use assets from a new lease standard, while total liabilities rose to $1.34 billion from $650 million primarily from $792 million in lease liabilities, and cash increased to $51.5 million Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 27, 2019 | December 27, 2018 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $51,450 | $644 | | Inventories, net | $446,397 | $471,014 | | Right of use assets | $720,009 | $— | | **Total assets** | **$2,011,124** | **$1,234,091** | | **Liabilities** | | | | Current portion of lease liabilities | $44,461 | $— | | Lease liabilities (non-current) | $747,595 | $— | | **Total liabilities** | **$1,340,236** | **$649,782** | | **Total stockholders' equity** | **$670,888** | **$584,309** | - The adoption of the new lease accounting standard (ASU No. 2016-02) in Q1 2019 materially impacted the balance sheet, resulting in the addition of **$621 million** of right-of-use assets and a corresponding **$683 million** of lease liabilities[29](index=29&type=chunk) [Condensed Consolidated Statements of Operations and Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) For the thirteen weeks ended June 27, 2019, net sales grew 19.8% to $520.3 million and net income increased 9.4% to $43.6 million, while for the twenty-six week period, net sales grew 19.1% to $997.4 million and net income rose 3.6% to $74.3 million, with diluted EPS at $0.42 for the quarter Statement of Operations Summary (in thousands, except per share data) | Metric | Thirteen Weeks Ended June 27, 2019 | Thirteen Weeks Ended June 28, 2018 | Twenty-six Weeks Ended June 27, 2019 | Twenty-six Weeks Ended June 28, 2018 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $520,311 | $434,279 | $997,361 | $837,227 | | Gross profit | $217,823 | $177,638 | $419,197 | $343,024 | | Operating income | $45,895 | $37,245 | $85,657 | $73,751 | | Net income | $43,596 | $39,846 | $74,316 | $71,717 | | Diluted EPS | $0.42 | $0.38 | $0.71 | $0.68 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the twenty-six weeks ended June 27, 2019, net cash provided by operating activities increased to $122.2 million from $83.9 million, driven by higher net income and improved working capital, funding $78.2 million in investing activities primarily for new stores, resulting in a $50.8 million net increase in cash Cash Flow Summary (in thousands) | Activity | Twenty-six Weeks Ended June 27, 2019 | Twenty-six Weeks Ended June 28, 2018 | | :--- | :--- | :--- | | Net cash provided by operating activities | $122,157 | $83,923 | | Net cash used in investing activities | ($78,172) | ($63,438) | | Net cash provided by (used in) financing activities | $6,821 | ($20,494) | | **Net increase (decrease) in cash** | **$50,806** | **($9)** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Financial%20Statements) Key notes detail the company's business as a specialty hard surface flooring retailer operating 106 stores, highlight Laminate/Luxury Vinyl Plank as a key sales driver, explain the material balance sheet impact from adopting the new lease accounting standard, and disclose a putative class action lawsuit filed in May 2019 - The company is a specialty retailer of hard surface flooring, operating **106 warehouse-format stores** and **one design center** as of June 27, 2019[16](index=16&type=chunk)[17](index=17&type=chunk) Disaggregated Revenue by Product Category (Twenty-six Weeks Ended June 27, 2019) | Product Category | Net Sales (in thousands) | % of Net Sales | | :--- | :--- | :--- | | Tile | $261,629 | 26% | | Laminate / Luxury Vinyl Plank | $205,720 | 21% | | Decorative Accessories | $192,034 | 19% | | Installation Materials and Tools | $168,301 | 17% | | Wood | $101,992 | 10% | | Natural Stone | $63,790 | 6% | | Delivery and Other | $3,895 | 1% | | **Total** | **$997,361** | **100%** | - A putative class action lawsuit was filed against the company and certain officers and directors in May 2019, alleging violations of federal securities laws. The company denies the allegations and intends to defend itself vigorously[39](index=39&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=17&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes strong first-half 2019 performance to strategic investments, product innovation, and customer engagement, with net sales growing 19.1% to $997.4 million driven by comparable store sales and new openings, gross margin improving by 100 basis points to 42.0%, and active management of U.S. tariffs on Chinese goods, with planned capital expenditures of $205 million to $215 million for store expansion [Results of Operations](index=22&type=section&id=Results%20of%20Operations) For the twenty-six weeks ended June 27, 2019, net sales increased 19.1% to $997.4 million due to comparable store sales and new openings, gross margin expanded by 100 basis points to 42.0% from better product margins and supply chain efficiencies, and operating income rose 16.1% to $85.7 million despite increased operating expenses Key Performance Indicators | Metric | Thirteen Weeks Ended June 27, 2019 | Thirteen Weeks Ended June 28, 2018 | Twenty-six Weeks Ended June 27, 2019 | Twenty-six Weeks Ended June 28, 2018 | | :--- | :--- | :--- | :--- | :--- | | Comparable store sales | 3.0% | 11.4% | 3.1% | 13.4% | | Comparable average ticket | 1.9% | (0.5)% | 1.5% | 0.6% | | Comparable customer transactions | 1.1% | 12.0% | 1.5% | 12.7% | | Number of warehouse-format stores | 106 | 88 | 106 | 88 | - Net sales for the twenty-six weeks ended June 27, 2019 increased by **$160.1 million (19.1%)**, with **$25.6 million** from a **3.1% comparable store sales increase** and **$134.5 million** from non-comparable stores[63](index=63&type=chunk) - Gross margin for the first half of 2019 improved by **100 basis points** to **42.0%** from **41.0%** in the prior year, driven by better product margins and leveraging supply chain costs on higher sales[65](index=65&type=chunk) [Non-GAAP Financial Measures](index=27&type=section&id=Non-GAAP%20Financial%20Measures) The company uses EBITDA and Adjusted EBITDA to assess financial performance, with Adjusted EBITDA for the twenty-six weeks ended June 27, 2019, increasing to $126.7 million from $98.5 million in the prior-year period, and the Adjusted EBITDA margin expanding to 12.7% from 11.8% Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Metric | Twenty-six Weeks Ended June 27, 2019 | Twenty-six Weeks Ended June 28, 2018 | | :--- | :--- | :--- | | Net income | $74,316 | $71,717 | | Depreciation and amortization | $34,263 | $20,911 | | Interest expense | $5,144 | $3,929 | | Income tax expense (benefit) | $6,197 | ($1,895) | | **EBITDA** | **$119,920** | **$94,662** | | Stock compensation expense | $4,418 | $2,952 | | Other adjustments | $2,322 | $896 | | **Adjusted EBITDA** | **$126,660** | **$98,510** | [Liquidity and Capital Resources](index=28&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 27, 2019, the company had $325.7 million in total liquidity, comprising $51.5 million in cash and $274.2 million available under its ABL Facility, with planned fiscal 2019 capital expenditures of $205 million to $215 million primarily for new store openings, remodels, and IT investments - Total liquidity as of June 27, 2019 was **$325.7 million**, consisting of **$51.5 million** in cash and **$274.2 million** available for borrowing under the ABL Facility[87](index=87&type=chunk) - Planned capital expenditures for fiscal 2019 are approximately **$205 million to $215 million**, with **$125 million to $132 million** allocated for opening **20 new stores**[91](index=91&type=chunk)[96](index=96&type=chunk) [U.S. Tariffs and Global Economy](index=32&type=section&id=U.S.%20Tariffs%20and%20Global%20Economy) The company is addressing the impact of U.S. tariffs on Chinese goods, which affect a significant portion of its products, through mitigation strategies including vendor negotiations, selective price increases, and alternative country sourcing, while monitoring a U.S. International Trade Commission investigation into ceramic tile imports from China - The U.S. has increased tariffs to **25%** on many products from China, which historically supplied about half of the company's products[101](index=101&type=chunk) - Mitigation efforts include negotiating lower costs from vendors, increasing retail prices where appropriate, and sourcing from alternative countries[101](index=101&type=chunk) - The company is also exposed to a preliminary antidumping and countervailing duty investigation on ceramic tile from China, with preliminary determinations expected in September 2019[102](index=102&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=34&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's exposure to market risk has not materially changed since the fiscal year-end of December 27, 2018 - There have been no material changes in the company's market risk exposure since December 27, 2018[108](index=108&type=chunk) [Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that as of June 27, 2019, the company's disclosure controls and procedures were not effective due to a previously disclosed material weakness in internal control over financial reporting, for which a remediation plan is underway and expected to be completed before the end of fiscal 2019 - The company's disclosure controls and procedures were deemed **not effective** as of June 27, 2019, due to a previously disclosed material weakness in internal control over financial reporting[110](index=110&type=chunk) - A remediation plan is in progress, and the company expects the material weakness to be remediated prior to the end of fiscal 2019[112](index=112&type=chunk) Part II – Other Information [Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in a putative class action lawsuit filed in May 2019, with further details provided in Note 5 of the Condensed Consolidated Financial Statements - Refers to the 'Litigation' section in Note 5 of the financial statements for details on legal proceedings[114](index=114&type=chunk) [Risk Factors](index=36&type=section&id=Item%201A.%20Risk%20Factors) A key risk factor highlighted is the ongoing securities class action lawsuit filed in May 2019 against the company, certain officers, directors, and stockholders, which can be costly, divert management attention, and adversely affect financial condition and stock price regardless of outcome - A putative securities class action lawsuit has been filed against the company, which could result in substantial damages, costs, and diversion of management's time[116](index=116&type=chunk)[117](index=117&type=chunk) [Other Information](index=36&type=section&id=Item%205.%20Other%20Information) The company provides a disclosure pursuant to the Iran Threat Reduction and Syria Human Rights Act (ITRA), detailing that while Floor & Decor has no dealings with Iran, an affiliate of a significant shareholder (Ares Management) had a portfolio company (AgriBriefing) with five terminated subscription contracts with customers in Iran generating less than €25,000 annually - Disclosure is required under ITRA because a major shareholder, Ares Management, has an affiliate that may be deemed to control a company (AgriBriefing) with minor business activities related to Iran[124](index=124&type=chunk)[125](index=125&type=chunk) - AgriBriefing had **five subscription contracts** with customers in Iran, generating less than **€25,000** in annual revenue. These subscriptions have been terminated[127](index=127&type=chunk)[128](index=128&type=chunk) [Exhibits](index=39&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the 10-Q report, including the company's Restated Certificate of Incorporation, Bylaws, a consulting agreement amendment, and certifications by the CEO and CFO as required by the Sarbanes-Oxley Act - Filed exhibits include corporate governance documents, a management contract amendment, Sarbanes-Oxley certifications (302 and 906), and XBRL data files[130](index=130&type=chunk)

Floor & Decor Holdings, Inc. (NYSE:FND) Q1 2019 Earnings Conference Call May 2, 2019 4:30 PM ET Company Participants Wayne Hood - Investor Relations Tom Taylor - Chief Executive Officer Trevor Lang - Executive Vice President and Chief Financial Officer Lisa Laube - Executive Vice President and Chief Merchandising Officer Conference Call Participants Simeon Gutman - Morgan Stanley Steve Forbes - Guggenheim Securities Michael Lasser - UBS Matt McClintock - Barclays Seth Sigman - Credit Suisse Christopher Horv ...

Part I – Financial Information [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The unaudited financial statements reflect the significant impact of adopting the new lease accounting standard, which added substantial right-of-use assets and lease liabilities [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets and liabilities increased significantly due to the adoption of a new lease accounting standard, which added right-of-use assets and corresponding lease liabilities Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 28, 2019 | December 27, 2018 | | :--- | :--- | :--- | | **Total Assets** | **$1,873,351** | **$1,234,091** | | Right of use assets | $659,115 | $— | | Inventories, net | $437,504 | $471,014 | | **Total Liabilities** | **$1,253,390** | **$649,782** | | Lease liabilities (Current + Long-term) | $757,287 | $— | | Trade accounts payable | $229,498 | $313,503 | | **Total Stockholders' Equity** | **$619,961** | **$584,309** | [Condensed Consolidated Statements of Operations and Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) Net sales grew 18.4% year-over-year, but higher operating expenses led to a slight decrease in net income to $30.7 million Q1 2019 vs Q1 2018 Statement of Operations (in thousands, except EPS) | Metric | Thirteen Weeks Ended March 28, 2019 | Thirteen Weeks Ended March 29, 2018 | | :--- | :--- | :--- | | Net sales | $477,050 | $402,948 | | Gross profit | $201,374 | $165,386 | | Operating income | $39,762 | $36,506 | | Net income | $30,720 | $31,871 | | Diluted earnings per share | $0.29 | $0.30 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities decreased to $27.0 million due to working capital changes, while investing cash outflows increased Summary of Cash Flows (in thousands) | Activity | Thirteen Weeks Ended March 28, 2019 | Thirteen Weeks Ended March 29, 2018 | | :--- | :--- | :--- | | Net cash provided by operating activities | $27,021 | $40,612 | | Net cash used in investing activities | ($31,634) | ($27,841) | | Net cash provided by (used in) financing activities | $4,420 | ($12,755) | | Net (decrease) increase in cash | ($193) | $16 | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Key disclosures include the material impact of the new lease accounting standard, revenue breakdown by product, and details on tax rates and debt - The company operates **103 warehouse-format stores** and one design center across 28 states as of March 28, 2019[20](index=20&type=chunk) - Adopted new lease accounting standard ASU No. 2016-02, adding **$621 million in right-of-use assets** and **$701 million in lease liabilities**[26](index=26&type=chunk)[30](index=30&type=chunk) - The effective income tax rate increased to **16.6%** for Q1 2019, compared to 8.2% for Q1 2018[29](index=29&type=chunk) Net Sales by Product Category (in thousands) | Product Category | Q1 2019 Net Sales | % of Net Sales | Q1 2018 Net Sales | % of Net Sales | | :--- | :--- | :--- | :--- | :--- | | Tile | $125,310 | 26% | $117,402 | 29% | | Laminate / Luxury Vinyl Plank | $97,502 | 20% | $66,892 | 17% | | Decorative Accessories | $94,440 | 20% | $78,489 | 19% | | Installation Materials and Tools | $79,709 | 17% | $63,581 | 16% | | Wood | $49,230 | 10% | $46,485 | 12% | | Natural Stone | $30,887 | 7% | $28,006 | 7% | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=15&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Net sales grew 18.4% driven by new stores and comparable sales, while gross margin improved, but higher expenses slightly reduced net income [Results of Operations](index=19&type=section&id=Results%20of%20Operations) Sales rose 18.4% and gross margin expanded to 42.2%, but expense growth outpaced sales, limiting operating income growth to 8.9% - Net sales growth of **$74.1 million** was composed of a **$12.6 million (3.1%) increase** from comparable stores and **$61.5 million** from non-comparable stores[59](index=59&type=chunk) - Gross margin improved by **120 basis points**, attributed equally to better product gross margins and leveraging supply chain costs on higher sales[61](index=61&type=chunk) - Selling and store operating expenses increased as a percentage of sales by **130 basis points**, driven entirely by new stores open less than one year[62](index=62&type=chunk) Key Performance Indicators | Metric | Q1 2019 | Q1 2018 | | :--- | :--- | :--- | | Comparable store sales | 3.1% | 15.6% | | Number of warehouse-format stores | 103 | 84 | | Adjusted EBITDA (in thousands) | $60,068 | $47,827 | | Adjusted EBITDA margin | 12.6% | 11.9% | [Non-GAAP Financial Measures](index=22&type=section&id=Non-GAAP%20Financial%20Measures) Adjusted EBITDA, a key non-GAAP metric, increased to $60.1 million in Q1 2019 from $47.8 million in Q1 2018 Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Line Item | Q1 2019 | Q1 2018 | | :--- | :--- | :--- | | Net income | $30,720 | $31,871 | | Depreciation and amortization | $16,871 | $10,228 | | Interest expense | $2,921 | $1,784 | | Income tax expense | $6,121 | $2,851 | | **EBITDA** | **$56,633** | **$46,734** | | Stock compensation expense | $2,250 | $1,415 | | Other | $1,185 | ($322) | | **Adjusted EBITDA** | **$60,068** | **$47,827** | [Liquidity and Capital Resources](index=23&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains $274.1 million in liquidity and plans capital expenditures of $220-$230 million for fiscal 2019, primarily for new stores - Total unrestricted liquidity was **$274.1 million** as of March 28, 2019, consisting of $0.5 million in cash and $273.6 million available for borrowing[74](index=74&type=chunk) - Planned capital expenditures for fiscal 2019 are approximately **$220 million to $230 million**[77](index=77&type=chunk) - 2019 Capital Expenditure Allocation[77](index=77&type=chunk)[85](index=85&type=chunk): - New Stores: **$146M - $153M** for 20 new stores - Existing Stores/Distribution Centers: **$39M - $41M** - IT & Infrastructure: **$35M - $36M** [U.S. Tariffs and Global Economy](index=26&type=section&id=U.S.%20Tariffs%20and%20Global%20Economy) The company is mitigating risks from U.S. tariffs on Chinese imports, which affect about half its products, through various strategies - Approximately **half of the products sold** are imported from China and are impacted by U.S. tariffs[90](index=90&type=chunk) - Mitigation strategies for tariffs include[90](index=90&type=chunk): - Negotiating lower costs from vendors - Increasing retail pricing where appropriate - Sourcing from alternative destinations [Quantitative and Qualitative Disclosures About Market Risk](index=28&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's exposure to market risk has not materially changed since the end of the prior fiscal year - There have been **no material changes** in the company's exposure to market risk since December 27, 2018[95](index=95&type=chunk) [Controls and Procedures](index=28&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed ineffective due to a previously disclosed material weakness, with a remediation plan underway - The company's disclosure controls and procedures were deemed **ineffective** as of March 28, 2019, due to a previously disclosed material weakness[96](index=96&type=chunk) - A remediation plan is underway and is expected to be completed prior to the end of fiscal 2019[98](index=98&type=chunk) Part II – Other Information [Legal Proceedings](index=29&type=section&id=Item%201.%20Legal%20Proceedings) Ongoing legal actions from the ordinary course of business are not expected to have a material adverse impact - The company is engaged in various legal actions arising in the ordinary course of business, which are **not expected to have a material impact**[100](index=100&type=chunk) [Risk Factors](index=29&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K - Investors are advised to consider the risk factors described in the company's Annual Report on Form 10-K, as they could **materially affect the business**[101](index=101&type=chunk) [Other Items (Items 2, 3, 4, 5)](index=29&type=section&id=Other%20Items) No unregistered sales of equity, defaults on senior securities, mine safety disclosures, or other material information were reported - No information was reported for Item 2 (Unregistered Sales of Equity Securities), Item 3 (Defaults Upon Senior Securities), Item 4 (Mine Safety Disclosures), or Item 5 (Other Information)[102](index=102&type=chunk)[103](index=103&type=chunk)[104](index=104&type=chunk)[105](index=105&type=chunk) [Exhibits](index=29&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including officer certifications under the Sarbanes-Oxley Act and XBRL data files - Exhibits filed include officer certifications (31.1, 31.2, 32.1) and XBRL interactive data files[106](index=106&type=chunk)

Bank of America Merrill Lynch 2019 Consumer & Retail Technology Conference March 12, 2019 Trevor Lang EVP, Chief Financial Officer Forward-Looking Statements This presentation and the associated webcast contain forward-looking statements, including with respect to the Company's estimated net sales, comparable store sales growth, diluted EPS, diluted weighted average shares outstanding, Adjusted EBITDA,warehouse format store count and new warehouse format storesfor both the thirteen weeks ended March 28, 201 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Table of Contents ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 27, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38070 Floor & Decor Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 27-3730271 (State or Other ...