Floor & Decor (NYSE:FND) has received a lot of press over the past couple years after Berkshire Hathaway (BRK.A) (BRK.B) disclosed a stake in the specialty retailer of hard surface flooring and accessories. Personally, I’m of the opinion it wasn’t Warren Buffett himself who initiated the position in Floor & Decor but was most likely one of his portfolio managers. Regardless, the fact Berkshire thought enough of Floor & Decor to add it to the portfolio is definitely a vote of confidence.
There’s a lot to like about Floor & Decor aside from the fact Buffett has a stake. Over the past 10 years, the company has grown revenue at a 28.7% CAGR and EPS at a 42.4% CAGR. Floor & Decor continues to open additional warehouse stores with a target of 500 total (US) over the next 8-10 years. Currently, Floor & Decor