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, United States (a suburb of Atlanta).[4]
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 its 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 that Floor & Decor was expected to begin a $160 million expansion of the company that would 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 a 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,[3] 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]
External links
References
- Floor & Decor Holdings Inc (FND) Reuters, retrieved 2018-08-23^
- Floor & Decor Holdings, Inc. (FND) Yahoo! Finance, retrieved 2018-08-23^
- Christopher Ortiz. Floor & Decor opens its doors in Albuquerque Albuquerque Business First, American City Business Journals, 2018-09-10, retrieved 2018-09-11^
- Lauren Hirsch. Floor & Decor revives IPO plans: sources Reuters, 2017-01-11, retrieved 2018-08-23^
- Jarred Schenke. Floor & Decor Looking At New HQ As It Rapidly Expands Biznow, 2018-09-28, retrieved 2018-09-29^
- Company Overview of Floor & Decor Holdings, Inc. retrieved 2018-08-25^
- Marrianne Wilson. Specialty flooring retailer completes IPO Chain Store Age, 2017-05-03, retrieved 2018-08-28^
- Ryan Dezember. Housing Recovery Helps Home-Improvement Firms Avoid Retail Blues The Wall Street Journal, 2017-05-03, retrieved 2018-08-23^
- Floor & Decor (FND) Expands Footprint With New Store in NJ Yahoo!, retrieved 30 January 2024^
- FORM 10-Q retrieved 2018-09-08^
- 2017 Russell US Indexes reconstitution retrieved 2018-08-23^
- Company Overview of Floor and Decor Outlets of America, Inc. 2018-08-25, retrieved 2018-08-25^