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

MU Earnings: Micron’s Q4 profit declines but beats estimates

Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted

What are Philip Morris’ (PM) anticipations for the near term?

Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,

Key highlights from CarMax (KMX) Q2 2023 earnings results

CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,

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