Munger Praises Costco Model, Says Home Depot and Floor & Decor Followed Suit for Growth
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Charlie Munger loves Costco's business model of providing exceptional value through high sales volume and low occupancy costs.
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Munger says Home Depot copied this same model in the home improvement space to deliver great returns.
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Munger believes Floor & Decor is copying Costco's model by having large warehouse stores focused on flooring and decor.
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Floor & Decor has seen 14 straight years of same-store sales growth showing the model resonates.
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With room to open 300 more stores, Floor & Decor has a long runway for growth making it an attractive investment.
