At Home Raises Q4, Fiscal Year Outlook

At Home has provided an update on its expected financial results for the fourth quarter and fiscal year ending January 25, 2020, raising its earnings and sales outlook.

The company said it now expects fourth quarter net sales and comparable store sales toward the high end of its previously provided outlook of $385 million to $393 million. The company also updated its adjusted earnings per share outlook to $0.33 to $0.36 from prior guidance of $0.31 to $0.36.

At Home also expects fiscal 2020 net sales and comparable store sales toward the high end of its previously provided outlook of $1.352 billion to $1.360 billion. At Home also updated its adjusted earnings per share outlook to $0.53 to $0.56 from prior guidance of $0.51 to $0.56.

Lee Bird, chairman and CEO, At Home, said, “We are pleased with the improved performance of our business and remain on track to exit the fiscal year with a healthy inventory position and significant improvement in annual free cash flow. We look forward to sharing our fiscal 2020 results and fiscal 2021 outlook during our fourth quarter earnings call in late March.”