Floor & Decor is the leading specialty retailer in the U.S. focused on hard surface flooring products. The company’s large warehouse like stores are unique to the industry. At an average size of 78k sq ft (this number has moved higher in recent years), Floor & Decor’s stores are large enough to keep most of its 4.1k SKUs in stock for customers to take home that day. Most stores also have a dedicated design center where customers can meet with designers for a free consultation on their repair or renovation flooring project.
Great analysis as always! May I ask you how do you calculate the reinvestment rate?