Warren Buffett's Berkshire Hathaway started buying shares of home-improvement retailer Floor Decor Holdings (NYSE: FND) in the third quarter of 2021. While investors don't know the exact price it paid or the day it made the purchase, I can say that Floor Decor stock is flat since July 1, 2021 -- the first day of that year's third quarter. So it hasn't been a great investment over this time period.

But zooming out further, Floor Decor has been a fabulous investment. The stock was trading right around $50 per share in July 2018, meaning it's doubled in value over just the last five years. For comparison, the S 500 is up about 63% during this time.

There's a concrete explanation for Floor Decor stock's market-beating performance. And I'm happy to say that the company still has the same thing going for it now, which can lead to market-beating performance from here.

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Source Fool.com