At Home Group (HOME) Q2 Revenues Power Past Estimates; Comps Rise 42%

At Home Group (NYSE: HOME) reported revenue for the quarter of $515 million versus the consensus estimate of $360.87 million.

Comparable store sales increase of approximately 42%.

Lee Bird, Chairman and Chief Executive Officer, stated, “We are emerging from this pandemic stronger and even better positioned, and we believe we are gaining meaningful market share. As a home décor category killer, we are becoming the go-to place for consumers looking for a one-stop shop that offers a wide and deep assortment, compelling everyday low prices, the convenience of omnichannel shopping, and safe social distancing afforded by our large store format.

Our business continued to be strong following the initial re-opening period that was likely impacted by pent-up demand and stimulus spending. Our momentum continued despite competitor re-openings, liquidations and a resurgence in coronavirus cases in certain markets. We expect to report the best quarter in our history as a public company in terms of comparable store sales, sales, and profitability, and the lowest leverage ratio. At the same time, we remain excited about the large, untapped opportunity in front of us.”

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

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