2023-10-02 08:30:00 ET
Floor & Decor Holdings (NYSE: FND) may not have an appealing value proposition at first glance. The hard flooring business has numerous competitors, including Home Depot and Lowe's . And with Global Market Insights forecasting a 3% compound annual growth rate for the industry over the next nine years, such stocks would probably have limited appeal to investors.
Nonetheless, Floor & Decor competes aggressively with the home improvement giants within its particular segments of hard flooring and home decor. That may make Floor & Decor a retail stock you want on your watch list for three reasons.
Floor & Decor stands out in its seemingly boring industry by taking a deep dive into its specific areas. With hard flooring and decor, it offers vast product selections that Home Depot and Lowe's cannot match in the relatively small amount of space their stores devote to those specialties.
For further details see:
3 Reasons Why Floor & Decor Stock Should Continue Moving Higher