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  "documentTitle": "Floor & Decor Holdings, Inc. (FND)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-07-01 00:00:00",
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  "notes": "Highlights specific text changes in accounting policies and revenue footnotes between fiscal years.",
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      "kind": "paragraph",
      "text": "FND made two subtle changes in language about their Pro Premier Loyalty Rewards Program that suggest the Company may have inflated revenue by a few percent. They ceased disclosure in two places that sales are reduced by this loyalty program at the time of sale. In addition, FND increased the eligible points rewards from 1% to up to 4% for higher volume customers.",
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      "text": "Source: 2021 and 2022 10-K",
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      "text": "Comparison of 2021 and 2022 10-K excerpts regarding loyalty program accounting and revenue footnotes.",
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      "text": "FND May Be Inflating Revenues Through The Pro Premier Loyalty Rewards Program",
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