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At Home Sales Surge In Second Quarter

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.”