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  "documentTitle": "Floor & Decor Holdings, Inc. (FND)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "The recent growth rates of ecommerce sales that FND cites on conference calls do not match calculated growth rates based on prior disclosures. Furthermore, FND has changed its reference from “e-commerce sales” to “connected customer sales” without disclosing why or if a methodology change was made.",
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      "text": "Our e-commerce sales represented approximately 17% of our total net sales. — 2022 10-K",
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      "text": "Source: FND financial statements, Q2’23, Q3’23, Q4’23 conference calls",
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