Floor and Decor: Q1'23 Results Review - Out Performance Continues

FND organic sales outperformed HD and LOW. FND reiterated stores opening target and FY23 guidance while peers reduced financial outlook.

Floor & Decor’s primer

Floor & Decor (FND) is a hard-flooring warehouse retailer with a 9% market share operating 194 stores across the US. It has a clear capital allocation plan to widen moats and wi…