At Home Group (HOME) Tops Q3 EPS by 3c, Revenues Beat; Comp. Sales Up. 5.2%; Offers FY19 EPS/Revenue Outlook Below Consensus

At Home Group (NYSE: HOME) reported Q3 EPS of $0.18, $0.03 better than the analyst estimate of $0.15. Revenue for the quarter came in at $267.2 million versus the consensus estimate of $265.38 million.

• Q3 net sales increased 25.5%; comparable store sales increased 5.2%
• Delivers 19th consecutive quarter of comparable store sales growth
• Delivers 18th consecutive quarter of over 20% net sales growth
• Operating income increased 105%; adjusted operating income(1) increased 61%
• Q3 EPS increased to $0.17; Q3 pro forma adjusted EPS(1) increased to $0.18

Chief Financial Officer, Jeff Knudson, stated: "We are very pleased with our third quarter results, highlighted by strong top line growth, margin expansion and increased profitability. Our focus remains on our proven operating model and the disciplined execution of our strategic initiatives, including our important distribution center investment next year, which further positions us to capitalize on the long runway of growth that lies ahead." Below is an overview of our outlook and related assumptions for selected fourth quarter and fiscal 2019 financial data.

GUIDANCE:

At Home Group sees FY2019 EPS of $1.28-$1.31, versus the consensus of $1.31. At Home Group sees FY2019 revenue of $1.159-1.164 billion, versus the consensus of $1.17 billion.

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

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