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).[3]
 | |
| Formerly | FDO Holdings, Inc. (2000–2017) |
|---|---|
| Company type | Public |
| ISIN | US3397501012 |
| Industry | Retail and services |
| Founded | 2000 in Atlanta, Georgia, United States |
| Founder | George West |
| Headquarters | , U.S. |
Number of locations | 191 (1 Jan. 2023) |
Area served | United States |
Key people |
|
| Products | Hard surface flooring and related accessories |
| Revenue |  US$3,433.53 million (2021) |
| US$283.23 million (2021) | |
| Total equity | US$1,323.2 million (2021) |
Number of employees | 11,985 (December 29, 2022) |
| Subsidiaries | Floor and Decor Outlets of America, Inc. |
| Website | flooranddecor |
| Footnotes / references [1][2][3][4] | |
History
editThe 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
editThe 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
editFloor 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
edit- ^ "Floor & Decor Holdings Inc (FND)". Reuters. Retrieved 2018-08-23.
- ^ a b "Floor & Decor Holdings, Inc. (FND)". Yahoo! Finance. Retrieved 2018-08-23.
- ^ a b Hirsch, Lauren (2017-01-11). "Floor & Decor revives IPO plans: sources". Reuters. Archived from the original on 2017-05-08. Retrieved 2018-08-23.
- ^ a b Ortiz, Christopher (2018-09-10). "Floor & Decor opens its doors in Albuquerque". Albuquerque Business First. American City Business Journals. Retrieved 2018-09-11.
- ^ a b Schenke, Jarred (2018-09-28). "Floor & Decor Looking At New HQ As It Rapidly Expands". Biznow. Retrieved 2018-09-29.
- ^ "Company Overview of Floor & Decor Holdings, Inc". Retrieved 2018-08-25.
- ^ Wilson, Marrianne (2017-05-03). "Specialty flooring retailer completes IPO". Chain Store Age. Retrieved 2018-08-28.
- ^ Dezember, Ryan; Driebusch, Corrie (2017-05-03). "Housing Recovery Helps Home-Improvement Firms Avoid Retail Blues". The Wall Street Journal. Retrieved 2018-08-23.
- ^ "Floor & Decor (FND) Expands Footprint With New Store in NJ". Yahoo!. Retrieved 30 January 2024.
- ^ "FORM 10-Q" (PDF). Retrieved 2018-09-08.
- ^ "2017 Russell US Indexes reconstitution" (PDF). Retrieved 2018-08-23.
- ^ "Company Overview of Floor and Decor Outlets of America, Inc". 2018-08-25. Retrieved 2018-08-25.
External links
edit- Official website
- Business data for Floor & Decor Holdings, Inc.: