Company:Floor & Decor

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Short description: American Home Improvement Store
Floor & Decor Holdings, Inc.
FormerlyFDO Holdings, Inc. (2000–2017)
TypePublic
  • NYSE: FND (Class A)
  • S&P 400 component
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=US3397501012 US3397501012]
IndustryRetail and Services
Founded2000; 24 years ago (2000) in Atlanta, Georgia, United States
FounderGeorge West
Headquarters
Smyrna, Georgia
,
U.S.
Number of locations
191 (1. Jan 2023)
Area served
United States
Key people
  • Norman H. Axelrod (Chairman of the Board)
  • George Vincent West (Vice Chairman of the Board)
  • Thomas V. Taylor (CEO)
  • Trevor Lang (CFO)
ProductsHard surface flooring and related accessories
RevenueIncrease US$3,433.53 million (2021)
Increase US$283.23 million (2021)
Total equityIncrease US$1,323.2 million (2021)
Number of employees
11,985 (December 29, 2022)
SubsidiariesFloor and Decor Outlets of America, Inc.
Websiteflooranddecor.com
Footnotes / references
[1][2][3][4]
A Floor & Decor in Brookhaven, Georgia

Floor & Decor Holdings, Inc., branded as Floor & Decor, is a multi-channel American specialty retailer of hard surface flooring and related accessories that was founded in 2000 and headquartered in Smyrna, Georgia (a suburb of Atlanta).[3]

History

The company was founded as FDO Holdings in 2000 by George West, whose family ran West Building Materials.[5] The company changed its name to Floor & Decor Holdings, Inc. in April 2017.[2][6]

The company doubled in size in the five years between 2011 and 2016, and revenues went from $277 million in 2011 to more than $772 million in 2016. The company had a net income of over $26 million in 2016. Floor & Decor was profitable for the five year period before their initial public offering (IPO).[7]

In 2017, the company had its initial public offering with a 53% gain and ended up having the largest IPO increase of the year.[8]

In February 2018, Floor & Decor opened a new 1.4 million-square-foot distribution center on a 90-acre site in Bloomingdale, Georgia, just 11 miles from the Port of Savannah.

In September 2018, Bisnow reported Floor & Decor is expected to begin a $160 million expansion of the company that will include 17 new store locations, a possible new headquarters in Atlanta, and nearly $30M in improving its e-commerce and technology infrastructure.[5]

In December 2023, Floor & Decor opened its new store in the New York City Metropolitan Area.[9]

Services

The company’s stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. The company serves professional installers, commercial businesses, and do-it-yourself customers. As of December 2021, the company operated 160 warehouse-format stores, [4] and two small-format standalone design centers in 33 states. Floor & Decor also sells products through its online retail platform. During the first six months of 2018, the company opened five new warehouse-format stores.[10]

Floor & Decor Holdings is listed on the New York Stock Exchange and is a constituent of the Russell 1000 index.[11]

Area served

Floor and Decor Outlets of America, Inc. operates as a subsidiary of Floor & Decor Holdings, Inc. and operates retail outlets in 28 states. The company also sells its products online.[12]

References

  1. ↑ "Floor & Decor Holdings Inc (FND)". Reuters. https://www.reuters.com/finance/stocks/overview/FND. Retrieved 2018-08-23. 
  2. ↑ 2.0 2.1 "Floor & Decor Holdings, Inc. (FND)". Yahoo! Finance. https://finance.yahoo.com/quote/FND/profile?p=FND. Retrieved 2018-08-23. 
  3. ↑ 3.0 3.1 Hirsch, Lauren (2017-01-11). "Floor & Decor revives IPO plans: sources". Reuters. Archived from the original on 2017-05-08. https://web.archive.org/web/20170508095935/https://www.reuters.com/article/us-floor-decor-ipo-idUSKBN14W027. Retrieved 2018-08-23. 
  4. ↑ 4.0 4.1 Ortiz, Christopher (2018-09-10). "Floor & Decor opens its doors in Albuquerque". Albuquerque Business First (American City Business Journals). https://www.bizjournals.com/albuquerque/news/2018/09/10/floor-decor-opens-its-doors-in-albuquerque.html. Retrieved 2018-09-11. 
  5. ↑ 5.0 5.1 Schenke, Jarred (2018-09-28). "Floor & Decor Looking At New HQ As It Rapidly Expands". Biznow. https://www.bisnow.com/atlanta/news/office/floor-decor-may-get-new-hq-as-it-rapidly-expands-93374. Retrieved 2018-09-29. 
  6. ↑ "Company Overview of Floor & Decor Holdings, Inc.". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=270357747. Retrieved 2018-08-25. 
  7. ↑ Wilson, Marrianne (2017-05-03). "Specialty flooring retailer completes IPO". Chain Store Age. https://www.chainstoreage.com/news/predictive-analytics-drive-specialty-retailers-new-product-intros/. Retrieved 2018-08-28. 
  8. ↑ Dezember, Ryan; Driebusch, Corrie (2017-05-03). "Housing Recovery Helps Home-Improvement Firms Avoid Retail Blues". The Wall Street Journal. https://www.wsj.com/articles/housing-recovery-helps-home-improvement-firms-avoid-retail-blues-1493840051. Retrieved 2018-08-23. 
  9. ↑ "Floor & Decor (FND) Expands Footprint With New Store in NJ". https://finance.yahoo.com/news/floor-decor-fnd-expands-footprint-133300225.html. 
  10. ↑ "FORM 10-Q" (PDF). http://d18rn0p25nwr6d.cloudfront.net/CIK-0001507079/11660bd6-eb01-4879-9e67-8206c81ffb4e.pdf. Retrieved 2018-09-08. 
  11. ↑ "2017 Russell US Indexes reconstitution" (PDF). https://www.ftserussell.com/files/support-documents/2017-russell-reconstitution-recap. Retrieved 2018-08-23. 
  12. ↑ "Company Overview of Floor and Decor Outlets of America, Inc.". 2018-08-25. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=12961601. Retrieved 2018-08-25. 

External links



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