Floor & Decor Holdings: Timing Of Demand Recovery Is Still Uncertain (Rating Upgrade)

Jonathan Knowles Summary Following my coverage of Floor & Decor Holdings (NYSE:FND) in May '24, for which I recommended a sell rating due to my expectation that the poor macro backdrop was going to be a major growth headwind for the business, this post is to provide an update on my thoughts on the business and stock. While the stock price did not fall all the way to $70+, I believe my previous sell rating proved to be the right recommendation as the stock fell from$112 to $95 today. Based on the recent res ...