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  "documentTitle": "Floor & Decor Holdings, Inc. (FND)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2024-07-01 00:00:00",
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      "text": "Home Depot is making a push to deepen its PROs network in the residential space and at its June 2023 investor day announced plans to open 80 new stores over the next 5 years.",
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      "text": "Home Depot is making a push to deepen its PROs network in the residential space and at its June 2023 investor day announced plans to open 80 new stores over the next 5 years. In March 2024, it acquired SRS Distribution for $18.5 billion, and while SRS mainly serves roofers, pools, and landscapers, the Company has talked about using it as a platform for other trade verticals. In November 2023 it acquired International Designs Group (IDG), a platform that owns Construction Resources which is a leading distributor of design-oriented surfaces (slabs and tiles), appliances and architectural specialty products to PROs.",
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      "text": "Now SRS, they're talking to either customer set. As I said early, they have 130,000 different customers. They're calling on more, you know, the roofer, the pool installer, the hardscape installer, the landscape professional. All those Pros, as we've said for ages, almost all Pros shop at Home Depot. — CEO on SRS deal call",
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