Floor & Decor Holdings Inc (NYSE:FND)

$ 112.21 -1.87 (-1.64%) Market Cap: 12.03 Bil Enterprise Value: 13.55 Bil PE Ratio: 62.34 PB Ratio: 5.70 GF Score: 94/100

Floor & Decor Holdings Inc at Stephens Investor Conference Transcript

Nov 15, 2019 / 03:00PM GMT

Release Date Price: $44.54 (-1.92%)

Transcript

Nels Richard Nelson

Stephens Inc., Research Division - MD

Good morning. Thanks for joining us. We've got Floor & Decor teed up here. I'm Rick Nelson. I cover the specialty retailers hardline side.

Floor & Decor is a disruptor in the hard surface flooring. The company operates very large-format stores, 73,000 square feet. That really dwarfs the competition. The store base is growing at 20% clip. Same-store sales have been positive for 43 consecutive quarters on a base of 113 stores. Company targets 500 stores over the long term.

We're very pleased to have with us today Trevor Lang, company's CFO, as well as Matt McConnell, Senior Manager of Investor Relations.

Now I've asked Trevor if he could size up Floor & Decor for those that are not familiar with the company, the value proposition and how they see them differentiating from competitors.

Trevor S. Lang

Floor & Decor Holdings, Inc. - Executive VP & CFO

Thank you, Rick, and thanks for having us. It's been a great conference, and wonderful to be here in

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