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  "documentTitle": "Floor & Decor Holdings, Inc. (FND)",
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  "notes": "Uses direct quotes from company 10-K filings to validate the thesis of tariff-related risk.",
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      "text": "There is a growing risk to Floor & Decor from Donald Trump’s presidential re-election campaign and some prediction models estimate he has a 66% chance of winning.",
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      "text": "Trump floats 'more than' 60% tariffs on Chinese imports; Trump is proposing a 10% tariff",
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      "text": "Floor & Decor Risk Factors",
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      "text": "We procure the majority of our products from suppliers located outside of the United States, and as a result, we are subject to risks associated with obtaining products from abroad...",
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      "text": "There is a growing risk to Floor & Decor from Donald Trump's presidential re-election campaign and some prediction models estimate he has a 66% chance of winning. Trump has been a big proponent of tariffs with a keen focus on China.",
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      "text": "Rising geopolitical tensions and U.S. policies related to global trade and tariffs... could adversely affect our business, financial condition and results of operations.",
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      "kind": "quote",
      "text": "We procure the majority of our products from suppliers located outside of the United States, and as a result, we are subject to risks associated with obtaining products from abroad, including the imposition of new or different duties (including antidumping and countervailing duties), tariffs, taxes and/or other charges on exports or imports, including as a result of errors in the classification of products upon entry or changes in the interpretation or application of rates or regulations relating to the import or export of our products; — Floor & Decor 10-K",
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      "kind": "source-note",
      "text": "Source: 'Trump holds 2-3 chance of winning new election forecast,' The Hill, June 12, 2024; 'Trump floats “more than 60%” tariffs on Chinese imports,' CNBC, Feb 4, 2024; 'Trump is proposing a 10% tariff; economists say that amounts to a $1,700 tax on Americans,' CBS News, June 20, 2024; FND 2023 10-K",
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      "kind": "title",
      "text": "Growing Trump Wild Card Risk Through More Tariffs",
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