Floor & Decor Holdings (FND) in Artisan Small Cap Fund Q3 2024

Expanding Market Share in Specialty Retail

Apr 14, 2025

Summary

Specializes in hard surface flooring and related accessories.
Strong market positioning with a unique warehouse format.
Risks include economic downturns affecting consumer spending.
Recent performance indicates solid revenue growth and store expansion.
Future outlook is promising with plans for continued store openings and market penetration.

Floor & Decor Holdings (FND, Financial) was featured in the Artisan Small Cap Fund's Q3 2024 letter as a key player in the specialty retail sector. The fund managers, including James Hamel and Jason White, emphasized the company's unique warehouse format and its ability to capture market share in the hard surface flooring industry. This aligns with the fund's focus on companies benefiting from an accelerating profit cycle.

"Floor & Decor's strategic expansion and innovative retail approach position it well for continued growth. The company's ability to adapt to changing consumer preferences and economic conditions supports our investment thesis." — Artisan Small Cap Fund Q3 2024 Commentary

Read full letter at gurufocus artisan small cap fund q3 2024 commentary 2024 Q3 page.

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