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  "docSlug": "75aa3b2bd0fb",
  "documentTitle": "Floor & Decor Holdings, Inc. (FND)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-07-01 00:00:00",
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  "notes": "The slide uses a callout box to highlight the trend of opening stores in lower-income areas.",
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      "kind": "callout",
      "text": "Stores opened in YTD 2024 were in zip codes with ~6% lower average median household incomes than in 2023 and ~10% lower than the stores opened in 2022.",
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      "text": "Median Household Income: $81,685",
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      "kind": "source-note",
      "text": "Source: Floor & Decor, Cubit Zip Code Research",
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      "text": "Compare With 2023 Average / Median: $91,563 / $89,478 2022 Average / Median: $98,586 / $90,712",
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      "text": "YTD 2024 Store Opening Analysis table",
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      "kind": "title",
      "text": "2024 Store Opening Analysis: More Movement To Lower Income Areas",
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      "arcName": "Overcoming the Monster",
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      "beatName": "The Struggle",
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      "evidence": "The document presents a detailed analysis of FND's struggles and challenges",
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