Founded in 2000, Floor & Decor is a differentiated, high-growth, multi-channel specialty retailer of hard surface flooring and related accessories. At the end of December 30, 2021, we operated 160 large warehouse-format stores and 2 design studio’s across 33 states. Our warehouse-format stores, which average 78,000 square feet, are typically larger than any of our specialty retail flooring competitors’ stores. Other large format home improvement retailers only allocate a small percentage of their floor space to hard surface flooring and accessories. Our large warehouse stores enable us to offer inspirational displays of the industry's broadest trend right in-stock assortment of tile, wood, laminate, vinyl, and natural stone flooring along with decorative and installation accessories at everyday low prices. Our direct sourcing model permits us to be the low-price leader for hard surface flooring. When our customers walk into a Floor & Decor store for the first time, we believe they are amazed by our visual presentations, our store size, our everyday low prices and the breadth and depth of our merchandise. The combination of our category and product breadth, low prices, in-stock inventory in project-ready quantities, proprietary credit offerings, free design services, free storage options and dedicated customer service positions us to gain market share in the attractive Pro customer segment.
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