Discover and read the best of Twitter Threads about #menards

Most recents (1)

1/ Floor & Décor (FND)
Looking forward to the $FND analyst day on Wed 3/16. $FND, is a high-quality business compounding LT over 20%/yr. Shares are off -36% from 11/21 and I’m currently re-underwriting $FND for my portfolio. This thread discusses key items around the $FND model. Image
2/Overview
$FND is a specialty retailer that operates 160 large (~75k sq/ft) warehouse stores across 33 states selling tile, stone, wood, laminate, vinyl and other flooring products. Generated $3.4bln in ’21 revenue, $485mln in EBITDA (14.1% margin) and has a ~$10bln mkt cap
3/Comp Advantage [1]
$FND primarily competes vs. home improvement centers ( $HD, $LOW, #Menards), specialty flooring ( $TTS), and local independents/mom & pops.

$FND has:
(1) larger box at ~75k sq/ft vs. $HD/ $LOW 3k-5k sq/ft flooring dept. and specialty/indep <20k avg. box
Read 18 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!