At Home Group (HOME) Tops Q1 EPS by 4c, Offers Guidance

At Home Group (NYSE: HOME) reported Q1 EPS of $0.31, $0.04 better than the analyst estimate of $0.27. Revenue for the quarter came in at $256.2 million versus the consensus estimate of $256.47 million.

GUIDANCE:

At Home Group sees Q2 2019 EPS of $0.32-$0.33, versus the consensus of $0.28. At Home Group sees Q2 2019 revenue of $284-287 million, versus the consensus of $283.99 million.

For fiscal 2019 expects:

• Net sales of $1.154 billion to $1.161 billion, representing annual growth of 21% to 22%, based on 34 gross and 31 net new store openings and an assumed comparable store sales increase of 2.5% to 3.5%, which would represent a 9.0% to 10.0% increase on a two-year comparable store sales basis.
• Pro forma adjusted net income1, 2 of $82.5 million to $85.5 million, based on a 14.5% effective tax rate and representing annual growth of 38% to 43%, and pro forma adjusted EPS1 of $1.25 to $1.30.

(Street sees FY EPS of $1.23 on revenue of $1.16B)

For earnings history and earnings-related data on At Home Group (HOME) click here.

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