Floor & Decor (FND)

[winston]

not vested

THE PANDEMIC IS BOOSTING SALES FOR THIS HOME-IMPROVEMENT RETAILER

Today, we're looking at a company that's riding the home-improvement trend...

With the COVID-19 pandemic forcing people to stay home, many folks have taken on home-improvement projects to improve their surroundings (and kill some time).

Companies like Lowe's (LOW) and Home Depot (HD) have performed well as people stocked up on tools and supplies. And today's company is also benefiting from this tailwind...

Floor & Decor (FND) is a $10 billion home-improvement retailer. It specializes in hard-surface flooring, including tile, wood, and stone. This company got a massive boost from the pandemic...

In the third quarter, Floor & Decor recorded sales of nearly $685 million... up 31% from the same quarter last year. And the company's comparable store sales jumped 18% year over year as well.

As you can see in today's chart, FND shares are soaring. The stock is up more than 280% from its March low, and it recently hit a new all-time high.

As people continue to spruce up their homes, this stock should continue to perform well...

Source: Daily Wealth