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  "documentTitle": "Floor & Decor Holdings, Inc. (FND)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-07-01 00:00:00",
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  "notes": "Includes a price comparison callout between FND and Arbor.com and a table showing product count disparity.",
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      "text": "FND has pitched “Adjacent Categories” such as vanities, faucets and mirrors as growth drivers. However, after 5 years and just $83 million in sales, we don’t see this as a serious opportunity.",
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      "text": "Approximate Number Of Products Available Upon Website Search",
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      "text": "#3: Adjacent Product Opportunities Appear Weak And Undifferentiated",
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