At Home reported strong second quarter sales as the home décor retailer continues to accelerate its store expansion plans.
For the second quarter ended July 29, net sales increased 23.2% to $232.1 million from $188.4 million in the previous second quarter. Comparable store sales increased 7.8%. Net income in the second quarter was $9.5 million compared to $6.3 million in the previous second quarter.
Lee Bird, chairman and CEO, At Home, said, “We are pleased to report 23% net sales growth and a 7.8% comparable store sales increase in the second quarter of fiscal 2018, which represents our 13th consecutive quarter of over 20% net sales growth and 14th consecutive quarter of positive comparable store sales increases. Customers continue to respond positively to our trend-relevant assortment of home décor at a compelling value, driving growth in both new and existing stores across a wide range of geographies, pricepoints, everyday and seasonal merchandise. Our broad-based strength drove a 35% increase in pro forma adjusted net income and pro forma adjusted EPS of $0.18while also enabling us to continue investing in the future of our business through lower prices, brand awareness and direct sourcing.”