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  "documentTitle": "Floor & Decor Holdings, Inc. (FND)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-07-01 00:00:00",
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  "notes": "The table lists specific store managers, their tenure, and prior experience, with a subset highlighted in yellow indicating those who have already left the company.",
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      "text": "Mirroring our concerns with FND's sharply declining workers per store, we find that among 40 stores recently opened since Dec 2022, at least 8 store managers have limited work history with the Company while others had no prior experience in the home improvement / flooring / tile industry according to their LinkedIn biographies.",
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      "text": "Mirroring our concerns with FND’s sharply declining workers per store, we find that among 40 stores recently opened since Dec 2022, at least 8 store managers have limited work history with the Company while others had no prior experience in the home improvement / flooring / tile industry according to their LinkedIn biographies. Furthermore, we estimate that at least 10% of store managers from the class of 2021 and 2022 already turned over.",
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      "text": "Store Manager / Location (Opening) | Years With Floor & Decor | Prior Experience | Source",
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      "text": "#10: Concerns With Recent Store Managers",
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