Retail & consumerRetail
viewAt Home Group Inc

Decor retailer At Home's stock shows cracks in the foundation amid disheartening fiscal 2020 guidance

The company brought in adjusted earnings of $0.03, down from $0.28 a year ago, just below Street expectations of $0.04

The Plano, Texas company came up short of consensus estimates for the full year

At Home Group Inc (NYSE:HOME) shares are shuttered after the homegoods retailer missed on fiscal 1Q earnings early Wednesday and offered lackluster guidance.

The company brought in adjusted earnings of $0.03, down from $0.28 a year ago, just below Street expectations of $0.04. Revenue came in ahead, growing 16% year over year to $306.3 million versus the consensus estimate of $303.3 million.

It’s stock collapsed 50% to $8.75.

Looking ahead, though, the picture was less rosy. The Plano, Texas company expects fiscal second quarter adjusted EPS between $0.14 and $0.17 and revenue between $340 million to $345 million. Analysts are calling for $0.26 EPS and $350.9 million in revenue.

For the full year, EPS between $0.67 and $0.74 and revenue between $1.37 billion and $1.39 billion is expected. Again, that falls short of Street expectations of $1.03 EPS and $1.4 billion in revenue.

“It was a challenging first quarter as we faced unusually adverse weather across a majority of our markets, resulting in comparable store sales below our expectations,” CEO and Chairman Lee Bird said. “Because of the challenging weather, we have already taken swift markdown actions in order to sell through the necessary product at lower than expected margins and head into the fall in a cleaner inventory position.”

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: At Home Group Inc

Price: 9.57 USD

Market: NYSE
Market Cap: $613.23 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Fireweed Zinc reveals 'best ever' hole drilled at Macmillan...

  Fireweed Zinc Ltd (CVE:FWZ) CEO Brandon Macdonald tells Proactive the zinc explorer has posted encouraging drill results from the first hole this year at the Boundary Zone in Yukon, an area that could boost the Macmillan Pass project's resources and economics. Macdonald says the...

1 day, 17 hours ago

2 min read