Categories Consumer, Earnings

At Home Group Inc. (NYSE: HOME) Q4 2020 Earnings Snapshot

— 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

NeOnc Technologies plans to go public through direct listing

NeOnc Technologies Holdings Inc., a privately held clinical-stage biotechnology company that develops therapies to improve the treatment of brain tumors and central nervous system diseases, is preparing to become a

Chewy (CHWY): A few factors that work in favor of this pet supplies retailer

Shares of Chewy, Inc. (NYSE: CHWY) were down over 1% on Tuesday. The stock has gained 72% over the past 12 months. The company delivered sales and earnings growth for

Amazon looks set for another strong year as cloud and ads boom

Taking a cue from the AI frenzy, Amazon.com Inc. (NASDAQ: AMZN) has adopted a growth strategy focused on expanding generative AI capabilities, through initiatives like the recent expansion of its

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close