1. Floor and Decor Holdings Inc. (NYSE: FND)
Floor & Decor Holdings Inc is a specialty retailer of hard surface flooring and related accessories, with 97 stores across the United States. The Company offers a broad selection of tile, stone, wood, and laminate flooring products, as well as decorative mosaics and wall tiles, installation materials, and tools. Floor & Decor also provides in-store and online design consultation services.
The Company was founded in 2000 and is headquartered in Atlanta, Georgia.
Floor and Decor Holdings Inc stock price went public on the New York Stock Exchange in October 2017, raising $225 million in an initial public offering (IPO). The Company's stock trades under the ticker symbol "FND."
In its IPO filing, Floor & Decor reported annual revenue of $1.1 billion and net income of $62.5 million for the fiscal year ended December 31, 2016.
For the first quarter of 2017, Floor & Decor reported revenue of $273.4 million, an increase of 16.5% over the prior year quarter. Net income for the quarter was $15.4 million, or $0.17 per diluted share.
The Company attributed its strong results to continued growth in same-store sales, new store openings, and expansion of its online sales channel. Floor & Decor also announced a quarterly dividend of $0.05 per share, payable on June 15, 2017 to shareholders of record as of the close of business on June 1, 2017.
2. Why Floor and Decor Holdings Inc.'s Stock Price Has Risen
The Floor and Decor Holdings Inc. is a flooring and home improvement retailer that operates in the United States. The company offers a wide variety of products, including ceramic tile, hardwood floors, laminate floors, and stone floors. The company also offers a wide variety of home improvement products, including cabinets, countertops, and vanities.
The Floor and Decor Holdings Inc. stock price has risen significantly in recent years. The company's stock price has more than doubled since 2013, and the company's market capitalization has increased from $1.4 billion in 2013 to $4.1 billion in 2017.
The primary reason for the Floor and Decor Holdings Inc. stock price increase is the company's strong financial performance. The company has posted strong sales and earnings growth in recent years, and its sales have been particularly strong in the last two years. In 2016, the company's sales increased by 25%, and its net income increased by 36%. In 2017, the company's sales increased by 17%, and its net income increased by 27%. The company's strong financial performance has led to analyst upgrades and positive earnings surprises, both of which have helped to drive the stock price higher.
Another reason for the Floor and Decor Holdings Inc. stock price increase is the company's expansion plans. The company plans to open new stores in existing markets and to enter new markets. The company plans to open 50 new stores in 2018, and it plans to enter the Canadian market in 2019. The company's expansion plans should continue to drive sales and earnings growth, and this should help to support the stock price.
The Floor and Decor Holdings Inc. stock price is likely to continue to rise in the future as the company continues to post strong financial results and to execute on its expansion plans.
3. What to Expect from Floor and Decor Holdings Inc. in the Future
When it comes to Floor and Decor Holdings Inc (NYSE: FND), there are a lot of things that investors should be excited about. The company is a leading provider of flooring and home improvement products, and it has a strong history of growth. In addition, the company's stock price is down significantly from its 52-week high, which provides an attractive entry point for investors.
Looking ahead, there are several things that investors should keep an eye on with Floor and Decor Holdings Inc. First, the company's expansion plans are on track, and it is opening new stores at a rapid pace. This growth will be a major driver of earnings and cash flow in the future. Additionally, the company is continuing to invest in its online presence, which should help drive sales growth. Finally, the company's recent acquisition of ProSource Wholesale gives it a much larger footprint in the professional flooring market. This should help drive sales and margin growth in the future.
Overall, Floor and Decor Holdings Inc is a company with a lot of upside potential. Investors should keep an eye on the company's expansion plans, online sales growth, and margin expansion.