Friday, December 7, 2018

At Home store expansion on track amid 19th straight quarter of comp growth

Chain Store Age
At Home reported that its third-quarter net sales increased 25.5% to $267.2 million, driven by the net addition of 29 stores. Same-store sales rose 5.2%. It was the chain’s 19th consecutive quarter of same-store sales growth and 18th consecutive quarter of over 20% net sales growth.

On the chain’s earnings call, chairman and CEO Lee Bird said that, with a longer term potential of at least 600 locations, “new stores are the growth engine for this business.” The retailer currently operates 178 stores.. . . more