Earnings PowerFND is expected to have significant earnings power once the macroeconomic environment improves due to high fixed costs and labor efficiencies.
Growth OpportunitiesThere are incremental growth opportunities around outdoor, large-format slabs, kitchen cabinets, and commercial, along with revamping the pro loyalty program, expanding the design studio format, and entering international markets longer term.
Market PositionFloor and Décor’s strong competitive pricing and depth and breadth of assortment, along with the potential for smaller competition to struggle, indicate a potentially easing competitive environment.