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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": "The slide highlights a lack of transparency (NA values) in recent quarters following a period of growth.",
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      "text": "We are not surprised that after increasing the incentives in 2022, the performance for PROs was good, but by 2023 the growth rate collapsed and FND stopped regular disclosures about PROs Comparable Sales and the impact from volume and price.",
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      "text": "Source: SEC filings (1) Quarterly figures reported on conference calls, annual figures on calls and 10-K",
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