On this episode we talk about 2Q24 earnings for Floor & Decor ($FND) and Evolution ($EVO). For both companies we have longer, in-depth podcast episodes which you can listen to below. These are evergreen and give a lot of more details on each companies' history, business, industry, and competitve dynamics.

Listen to the Floor & Decor Company Podcast Episode here: Apple, Spotify

Listen to the Evolution Company Podcast Episode here: Apple, Spotify

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Show Notes

(0:00) Intro

Evolution Update

(1:09) Evolution Discussion Starts

(5:24) Biggest Payout Ever

(10:16) Capital Allocation, Galaxy Gaming Acquistion

(19:02) Georgia Strike

(24:32) Unregulated Markets and KYC

(27:43) Wrapping Up Evolution Commentary

Floor & Decor Update

(29:52) Floor & Decor Overview

(30:23) LL Flooring Background and Bankruptcy

(33:10) Macro Impacts

(37:14) Inventory Levels, Gross Margins

(40:04) The "Philosophical" Question on Growth and when to Get Concerned

(48:03) Spartan Acquistion and Pro Business

(51:15) Cash Balances, Bad Guidance, Peers Struggling, Closing Comments

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discusessed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

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