Floor & Decor
| Company type | Public |
|---|---|
| Industry | Retail |
| Predecessor | FDO Holdings |
| Founded | 2000 |
| Founder | George Vincent West |
| Headquarters | Smyrna, Georgia , United States |
Area served | United States |
Key people | Norman H. Axelrod (Chairman), George Vincent West (Vice Chairman and founder), Thomas V. Taylor (CEO), Trevor Lang (CFO) |
| Products | Hard surface flooring and related accessories |
Number of employees | 12,000 (2022) |
| Website | www |
Floor & Decor Holdings, Inc., commonly referred to as Floor & Decor, stands as a prominent American retailer specializing in hard surface flooring and associated accessories. Established in 2000 and headquartered in Smyrna, Georgia, the company utilizes a multi-channel approach to serve customers across the United States.
By January 2023, Floor & Decor had expanded to 191 stores nationwide. Its product range caters to both professional contractors and do-it-yourself consumers, offering an extensive variety of flooring solutions.
The leadership team features Chairman Norman H. Axelrod, Vice Chairman and founder George Vincent West, CEO Thomas V. Taylor, and CFO Trevor Lang.
In terms of financial performance, the company reported $3.43 billion in revenue for 2021, with net earnings of $283 million and shareholder equity totaling $1.32 billion. As of late 2022, approximately 12,000 employees support its broad retail operations and growth initiatives.
History
Originally launched as FDO Holdings in 2000 by George West—whose family managed West Building Materials—the firm adopted the name Floor & Decor Holdings, Inc. in April 2017. From 2011 through 2016, the business experienced rapid growth, doubling its revenue from $277 million to over $772 million and achieving net profits exceeding $26 million by 2016. Throughout this timeframe leading up to its initial public offering (IPO), the company maintained profitability.
The 2017 IPO resulted in a 53% increase on the first day, representing the highest IPO gain of that year. In February 2018, Floor & Decor inaugurated a massive 1.4 million-square-foot distribution facility situated on a 90-acre plot in Bloomingdale, Georgia, close to the Port of Savannah.
By September 2018, plans were underway for a $160 million expansion encompassing 17 additional stores, consideration of a new headquarters location in Atlanta, and nearly $30 million allocated toward e-commerce and technological enhancements. In December 2023, Floor & Decor further extended its presence by opening a new location within the New York City Metropolitan Area.
Services
Floor & Decor provides an array of flooring options including tile, wood, laminate, and natural stone products along with decorative items and installation tools. Serving professional installers, commercial customers, and DIY enthusiasts alike, it operated 160 warehouse-style stores plus two design centers across 33 states as of December 2021. The company also supports an e-commerce platform and launched five additional warehouse-format locations during the first half of 2018.
Traded on the New York Stock Exchange and included in the Russell 1000 index, Floor & Decor continues to enhance its competitive standing through diversified sales channels and strategic growth efforts.
Area served
Floor and Decor Outlets of America, Inc., a subsidiary under Floor & Decor Holdings, Inc., manages retail stores across 28 states while also offering products through its online store.