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Floor & Decor Holdings, Inc. (FND) is a multi-channel specialty retailer focused on hard surface flooring and related accessories. The company operates warehouse-format retail stores across the United States and sells products through its website. FND offers a broad assortment of products, including tile, wood, laminate, vinyl, and natural stone flooring, along with decorative and installation accessories.
- Laminate and Vinyl - Offers a variety of durable and stylish flooring options suitable for different environments.
- Tile - Provides a wide range of tile flooring solutions for residential and commercial spaces.
- Installation Materials and Tools - Supplies essential materials and tools for flooring installation projects.
- Decorative Accessories and Wall Tile - Features decorative elements and wall tiles to enhance interior design.
- Wood - Offers natural wood flooring options for a classic and elegant look.
- Natural Stone - Provides premium stone flooring solutions for luxurious spaces.
- Adjacent Categories - Includes additional product offerings that complement the main flooring categories.
- Other - Encompasses delivery, sample, and other product revenue, along with adjustments for deferred revenue and sales returns.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Thomas V. Taylor ExecutiveBoard | Chief Executive Officer (CEO) | Board member at National Vision Holdings Inc.; Board member at Cooper’s Hawk | CEO of Floor & Decor Holdings, Inc. since December 2012. Previously, he built an extensive career at Home Depot and later served as Managing Director at Sun Capital Partners. | View Report → |
Bradley S. Paulsen Executive | President | Bradley S. Paulsen has been the President of Floor & Decor Holdings, Inc. since March 10, 2025, where he leads the company's operations. Previously, he served in executive roles including CEO of Rentokil Initial plc for North America and CEO of Rexel USA, reflecting nearly two decades of leadership experience. | ||
Bryan H. Langley Executive | Executive Vice President and Chief Financial Officer | Bryan H. Langley has served as Executive Vice President and Chief Financial Officer at Floor & Decor Holdings, Inc. since November 29, 2022. He joined FND in 2014 as a Financial Reporting Manager and progressed through key financial roles, including Director of Financial Reporting and Vice President, Financial Planning and Analysis. | ||
David V. Christopherson Executive | Executive Vice President, Chief Administrative Officer, and Chief Legal Officer | David V. Christopherson is the Executive Vice President, Chief Administrative Officer, and Chief Legal Officer at Floor & Decor Holdings, Inc. since 2024. He has held several leadership roles at FND since 2013. | ||
Ersan Sayman Executive | Executive Vice President, Merchandising | Ersan Sayman is the Executive Vice President, Merchandising at FND since 2022. He has progressed from roles including Merchant (2003), Vice President (2012), and Senior Vice President (2015), bringing over 30 years of industry experience to drive FND's merchandising strategy. | ||
John J. Adamson Executive | Executive Vice President and Chief Information Officer (EVP & CIO) | John J. Adamson is the Executive Vice President and Chief Information Officer at Floor & Decor Holdings, Inc. since February 2025, having joined as CIO in 2012 and promoted to Senior Vice President in 2015. | ||
Steven A. Denny Executive | Executive Vice President, Store Operations | Steven A. Denny is the Executive Vice President, Store Operations at Floor & Decor Holdings, Inc. since 2020, previously serving as Chief Executive Merchant starting in 2013 and Senior Vice President, Stores in 2017. | ||
Charles Young Board | Member of the Board of Directors of Floor & Decor Holdings, Inc. | Stanford University Board of Trustees; Federal Home Loan Bank of Chicago; LEARN Charter School Network | Charles Young has served on FND's Board of Directors since January 2021. He has an extensive background in leadership roles at Invitation Homes and Goldman Sachs, contributing operational and real estate expertise. | |
Dwight James Board | Member of the Board of Directors | Senior Vice President at Delta Air Lines; CEO of Delta Vacations; Board member at Wheels Up Experience, Inc.; Advisory Board Council member at Cool Girls, Inc.; Member of Diversity, Equity & Inclusion Council at Delta | Dwight James has been a member of FND’s Board of Directors since September 2021 and serves on its Nominating and Corporate Governance Committee. He has extensive leadership experience including roles as Senior Vice President at Delta Air Lines and CEO of Delta Vacations since 2009, along with executive positions at The Home Depot and Deloitte Consulting. | |
Felicia Thornton Board | Board Member (Chair, Nominating and Corporate Governance Committee) | Board Member & Audit Committee at Pactiv Evergreen Inc.; Board Member & Chair of Audit Committee at Ares Acquisition Corporation II | Felicia Thornton has served on the Board of Floor & Decor Holdings, Inc. since April 2017 as Chair of the Nominating and Corporate Governance Committee. Previously, she held executive roles including Interim CEO at 99 Cents Only Stores LLC and various executive and board roles at other companies. | |
George Vincent West Board | Vice Chairman of the Board | Vice Chair of the Board of Trustees at Telfair Art Museum; Board of Governors at Bethesda Academy | George Vincent West founded FND in 2000 and served as CEO (2000-2002, 2010-2012) before taking on his current role as Vice Chairman of the Board since December 2012. He has a diverse background in retail, building materials, and real estate development. | |
Melissa Kersey Board | Member of the Board of Directors | Executive Vice President and Chief Human Resources Officer at Tractor Supply Company | Melissa Kersey has served as a Board Director at Floor & Decor Holdings, Inc. since May 2023 and will become the Chair of the Compensation Committee effective May 7, 2025. She has extensive human resources experience, currently serving as Executive Vice President and Chief Human Resources Officer at Tractor Supply Company since June 2020, and has held senior roles at McDonald's USA and Walmart. | |
Nada Aried Board | Director | Executive Vice President and Chief Digital Technology Officer at Safelite AutoGlass | Nada Aried is a Director at Floor & Decor Holdings, Inc. since January 2025. She brings over 30 years of experience from leadership roles including Executive Vice President and Chief Digital Technology Officer at Safelite AutoGlass since October 2024, and prior executive positions at Bath & Body Works and L Brands. | |
Norman Axelrod Board | Chairman of the Board | Chairman of the Board at 99 Cents Only Stores LLC; Board member at Guitar Center, Inc.; Board member at The Neiman Marcus Group LLC | Norman H. Axelrod has served as Chairman of the Board at Floor & Decor Holdings, Inc. since December 2011 and as a board member since November 2010. He brings decades of leadership experience from various key roles in the retail sector. | |
Richard Sullivan Board | Director | Executive Chairman and Chief Executive Officer of PGA TOUR Superstore; Chairman of the National Golf Foundation | Richard Sullivan has served as a director at FND since April 2017 and is a member of the Audit Committee. | |
Ryan Marshall Board | Member of the Board of Directors | President and Chief Executive Officer of PulteGroup, Inc.; 2025 Metro Atlanta Chamber of Commerce Board Chair; Chair of Leading Builders of America | Ryan Marshall has served as a member of the Board of Directors of Floor & Decor Holdings, Inc. since January 2021. He is also the President and Chief Executive Officer of PulteGroup, Inc. since September 2016 and holds additional leadership roles in the industry. | |
William Giles Board | Chair of the Audit Committee | Board member at Brinker International; Board member at Constellation Brands; Board member at Autism Speaks; Member, Alfred University Board of Trustees | William Giles has established a distinguished career in financial leadership, serving as CFO and Executive Vice President at AutoZone (2007-2020) and holding key roles at Linens 'n Things (1991-2006). He currently serves as a director and Chair of the Audit Committee at Floor & Decor Holdings, Inc. since April 2021. |
- Given the significant impact of universal tariffs and the potential for reciprocal tariffs, what specific pricing strategies and margin preservation levers will you deploy if additional tariff pressures emerge, and how will this affect your overall pricing structure?
- With the decision to reduce new warehouse-format store openings from 25 to 20 in fiscal 2025, what exact operational or market indicators would prompt further reductions, and how do you plan to mitigate the potential impact on long-term growth?
- Considering Q1 saw a 10.3% increase in selling and store operating expenses alongside declining comps, what detailed cost-control measures and labor management strategies are in place to ensure effective expense deleverage if negative trends persist?
- Facing a gross margin drag of 60 to 70 basis points from the new distribution centers, what specific initiatives or pricing adjustments are you prepared to execute to maintain your targeted gross margin rate in this evolving environment?
- In your efforts to reduce China exposure to mid-single digits while maintaining a broad and innovative product assortment, can you detail the specific sourcing shifts you have implemented, and how these changes will address any potential gaps in product availability or competitive positioning?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Salesmaster Associates, Inc. | 2023 | Floor & Decor acquired Salesmaster Associates with a deal valued at approximately $21.2 million in Q2 2023, later revised to $20.1 million in Q3 2023 using a mix of cash and contingent consideration. The acquisition added key assets including net working capital, fixed assets, customer relationships (valued at $5.0 million), and operating lease liabilities to bolster its expansion in the commercial flooring markets of New York City and New England, with integration under ASC 805. |
Spartan Surfaces, Inc. | 2021 | Floor & Decor completed the acquisition of Spartan Surfaces for up to $90 million on June 4, 2021, structured with $67 million in cash, $5 million in stock, and a potential $18 million earn-out. The deal strategically expanded its presence in the $13 billion commercial flooring market by acquiring a commercial specialty hard-surface flooring distributor with strong consultative capabilities, anticipated revenue and cost synergies, and maintained operational independence. |
Recent press releases and 8-K filings for FND.
- Q1 FY2025 performance: sales of $1.161 billion (+5.8%) and diluted EPS of $0.45, exceeding expectations
- Updated FY2025 guidance: net sales of $4.66–4.80 billion, diluted EPS of $1.70–2.00, and 20 new warehouse-format store openings (down from 25)
- Profitability highlights: Operating income up 8.3% to $64.2 million (5.5% margin) alongside a 100 bps improvement in gross margin to 43.8%, driving an 8.1% rise in gross profit and $129.8 million in adjusted EBITDA (+5.5%, adj EBITDA margin 11.2%)
- Liquidity & sourcing: Maintained strong liquidity of $949.8 million (including $186.9 million in cash and $762.9 million under the ABL facility) with U.S.-made products now representing 27% of sales versus a mid-single-digit share for China-sourced products
- Operational update: Comparable store sales declined 1.8% ; four new warehouse stores opened (offset by one closure) to bring the network to 254 warehouses and five design studios; selling and operating expenses increased 10.3% to $368.8 million due to new store investments