Floor & Decor Holdings Priced, NYSE: FND

Hard surface flooring and accessories retailer with 72 warehouse-format stores.

Industry: Consumer Discretionary

Latest Trade: $37.40 0.00 (0.0%)

First Day Return: +52.6%

Return from IPO: +78.1%

Industry: Consumer Discretionary

Founded in 2000, Floor & Decor is a high-growth, differentiated, multi-channel specialty retailer of hard surface flooring and related accessories with 69 warehouse-format stores across 17 states as of December 29, 2016. We believe that we offer the industry's broadest assortment of tile, wood, laminate and natural stone flooring along with decorative and installation accessories at everyday low prices. We appeal to a variety of customers, including our Pro, DIY and BIY customers. Our warehouse-format stores, which average approximately 72,000 square feet, carry on average approximately 3,500 flooring and decorative and installation accessory SKUs, which equates to 1.3 million square feet of flooring products or $2.5 million of inventory at cost. In addition to our stores, our website FloorandDecor.com showcases our products. We have had eight consecutive years of double digit comparable store sales growth averaging 15.3% per year, with a 19.4% increase in fiscal 2016. In fiscal 2016, net sales increased 34.0%, from $784 million to $1,051 million. We have expanded our store base from 38 warehouse-format stores at the end of fiscal 2013 to 69 at the end of fiscal 2016, representing a CAGR of 22%.
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IPO News for Floor & Decor Holdings
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IPO Data
IPO File Date 02/10/2017
Offer Price $21.00
Price Range $16.00 - $18.00
Offer Shares (mm) 8.8
Deal Size ($mm) $185
IPO Data
IPO Date 04/26/2017
Offer Price $21.00
Price Range $16.00 - $18.00
Offer Shares (mm) 8.8
Deal Size ($mm) $185
Underwriters
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Company Data
Headquarters Smyrna, GA
Founded 2000
Employees 4,391
Website www.flooranddecor.com