— Home decor company At Home Group Inc. (NYSE: HOME) reported adjusted earnings of $0.37 per share for the fourth quarter of 2020, compared to $0.47 per share last year. Analysts expected $0.36 per share.
— On a reported basis, it was a net loss of $224.05 million or $3.50 per share, compared to profit of $29.6 million or $0.45 per share last year
— Net sales increased 12% annually to $397.72 million during the three-month period, vs. $397.7 million expected; comparable store sales dropped 3.1%
— Opened a net of 32 stores since last year, representing an 18% increase; ended the fourth quarter with 212 stores in 39 states
— Recognized a non-cash goodwill impairment charge of $250 million for fiscal 2020, based on the results of an interim test
— Company not providing first-quarter and fiscal year 2021 guidance in view of the rapidly evolving uncertainty related to COVID-19
— Closed all stores temporarily due to the epidemic and is accelerating omni-channel capabilities
— Withdrew about $151 million from the revolving credit facility to enhance financial flexibility and to preserve liquidity
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the