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At Home (HOME) Adds Three New Stores, Boosts Superstore Count
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At Home Group Inc. continues with its store expansion spree, via addition of new stores in Florida, New Jersey and Georgia. The company currently operates in more than 175 stores across 36 states.
Based on a warehouse model, At Home superstores offer more than 50,000 diversified on-trend home products, with 400 new products updated every week.
Strategic Initiatives to Drive Growth
New store expansion, being one of the key long-term growth strategies, has been expanding its footprint at a 21% compounded annual growth rate for more than five years. During the first six months of fiscal 2019, the company opened 18 new superstores compared with 15 in the prior-year period. The company has plans to open stores in California and Washington State in the upcoming quarters.
In the first six months of fiscal 2019, the company’s net sales grew 22.7% year over year to $544.7 million. New stores contributed approximately $93.4 million to its revenues in the said period.
Moreover, the company plans to open 8-10 new superstores and expects revenues to increase more than 20% in the third quarter, which would represent the 18th consecutive quarter of growth rate of 20-plus-percent. Meanwhile, the company also expects comps growth between 4.5% and 5%, which will represent the 19th consecutive quarter of positive comps growth.
At Home is expected to generate more revenues owing to its continuous superstore expansion, based on disciplined site selection, growing brand awareness and team member execution. The company is well positioned for the upcoming quarters as well, as it has already approved a substantial portion of fiscal 2020 pipeline and identified new sites for fiscal 2021.
Meanwhile, shares of At Home have gained 19.3% against its industry’s decline of 11.7% over a year. Also, the company’s earnings surpassed the Zacks Consensus Estimates in the trailing four quarters, with average surprise of 19.3%. Earnings estimates for fiscal 2019 and 2020 have remained stable over the past 60 days.
RH, Darden and Boot Barn’s earnings for the current year are expected to increase 150.2%, 16.8%, and 77.1%, respectively.
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At Home (HOME) Adds Three New Stores, Boosts Superstore Count
At Home Group Inc. continues with its store expansion spree, via addition of new stores in Florida, New Jersey and Georgia. The company currently operates in more than 175 stores across 36 states.
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Based on a warehouse model, At Home superstores offer more than 50,000 diversified on-trend home products, with 400 new products updated every week.
Strategic Initiatives to Drive Growth
New store expansion, being one of the key long-term growth strategies, has been expanding its footprint at a 21% compounded annual growth rate for more than five years. During the first six months of fiscal 2019, the company opened 18 new superstores compared with 15 in the prior-year period. The company has plans to open stores in California and Washington State in the upcoming quarters.
In the first six months of fiscal 2019, the company’s net sales grew 22.7% year over year to $544.7 million. New stores contributed approximately $93.4 million to its revenues in the said period.
Moreover, the company plans to open 8-10 new superstores and expects revenues to increase more than 20% in the third quarter, which would represent the 18th consecutive quarter of growth rate of 20-plus-percent. Meanwhile, the company also expects comps growth between 4.5% and 5%, which will represent the 19th consecutive quarter of positive comps growth.
At Home is expected to generate more revenues owing to its continuous superstore expansion, based on disciplined site selection, growing brand awareness and team member execution. The company is well positioned for the upcoming quarters as well, as it has already approved a substantial portion of fiscal 2020 pipeline and identified new sites for fiscal 2021.
Meanwhile, shares of At Home have gained 19.3% against its industry’s decline of 11.7% over a year. Also, the company’s earnings surpassed the Zacks Consensus Estimates in the trailing four quarters, with average surprise of 19.3%. Earnings estimates for fiscal 2019 and 2020 have remained stable over the past 60 days.
Zacks Rank & Key Picks
At Home currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Retail-Wholesale sector are RH (RH - Free Report) , Darden Restaurants, Inc. (DRI - Free Report) and Boot Barn Holdings, Inc. (BOOT - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
RH, Darden and Boot Barn’s earnings for the current year are expected to increase 150.2%, 16.8%, and 77.1%, respectively.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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