Welcome to our dedicated page for HOME news (Ticker: HOME), a resource for investors and traders seeking the latest updates and insights on HOME stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect HOME's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of HOME's position in the market.
At Home Group reported robust financial results for Q4 and fiscal year 2021, achieving net sales of $562 million, a 41.3% increase year-over-year. Comparable store sales rose by 30.8%, driven by strong demand and strategic initiatives. The company generated over $400 million in free cash flow and reported net income of $72.7 million, reversing a loss from the previous year. Gross profit soared by 91.5% to $218.4 million, while EPS improved to $1.08. However, the company did not provide formal guidance due to ongoing uncertainties surrounding COVID-19.
At Home Group Inc. (NYSE: HOME) recently announced the opening of three new home décor stores in March, increasing its total store count to 225. The new locations are situated in Leesburg, VA; Oklahoma City, OK; and Charlotte, NC. At Home offers a vast selection of over 50,000 home décor items, catering to various styles and budgets. Customers visiting the new stores can register for the At Home Insider Perks™ program to receive gift cards. The company continues to adapt its offerings with new collections regularly arriving in stores.
At Home Group Inc. (NYSE:HOME) announced that Chief Marketing Officer Ashley Sheetz has been awarded Chain Store Age magazine’s Top Women in Retail Technology award. This accolade recognizes Ms. Sheetz’s leadership in retail technology innovation, especially during the pandemic. Under her guidance, At Home accelerated its omnichannel strategy, significantly expanding Buy Online Pick-up in Store (BOPIS) capabilities and introducing curbside delivery. This resulted in the company achieving its highest historical performance. Ms. Sheetz played a pivotal role in transitioning to a digital marketing approach that supports revenue growth.
At Home Group Inc. (NYSE: HOME) will release its financial results for the fourth quarter and fiscal year 2021 on March 23, 2021, after the market closes. The company will hold a conference call at 4:30 p.m. ET to discuss these results. Interested participants can join the call by dialing 1-877-407-0789 or 1-201-689-8562 for international callers. A live audio webcast of the call will also be available on the company's investor website.
At Home Group (NYSE: HOME) announced its recognition in Newsweek’s America’s Best Loyalty Programs 2021, based on a survey of over 4,000 U.S. customers. Since launching the Insider Perks loyalty program three years ago, it has attracted over 9 million members. Benefits include special pricing, extended returns, birthday bonuses, and exclusive access to sales. At Home's Chairman and CEO Lee Bird credited the team's efforts and customer enthusiasm for the program's rapid growth.
At Home Group Inc. (NYSE: HOME) launched an exclusive collection with renowned designer Tracey Boyd, featuring over 500 home décor items, including patio furniture, lighting, and decorative accessories. Boyd, celebrated for her fashion design, has transitioned into home fashion since 2018. Her collection showcases intricate designs inspired by her travels, including traditional indigo textiles and Japanese rose blossoms. This collaboration aims to provide high-quality yet affordable home products to At Home shoppers, making luxury accessible.
At Home Group Inc. (NYSE: HOME) announced the opening of three new stores in Nanuet, NY; Johnstown, CO; and Ocean Township, NJ, boosting its total to 222 locations across 40 states by February's end. A San Jose, CA location is set to open soon, with plans for 12 to 15 additional stores this year. CEO Lee Bird expressed confidence in the company's growth potential, citing strong recent performance and significant market share gains in the home décor sector. At Home offers over 50,000 items, providing customers with diverse home décor options.
At Home Group Inc. (NYSE: HOME) reported a strong performance for Q4 Fiscal 2021, with comparable store sales expected to rise by 23% to 24%, surpassing previous forecasts of mid-to-high teens. The company also announced a liquidity position of $456 million, up from $360 million in the prior quarter. CEO Lee Bird expressed optimism about business momentum and inventory levels as they enter fiscal 2022. The company is actively participating in financial conferences to discuss future strategies.
At Home Group Inc. (NYSE: HOME), a leading home décor superstore, is set to engage in two virtual conferences in January 2021. CEO Lee Bird and CFO Jeff Knudson will participate in a fireside chat at the Wolfe Research Hardlines/Broadlines Access Day on January 8 at 1:50 p.m. ET and at the ICR Conference on January 11 at 8:30 a.m. ET. Bird will also join a panel discussion titled “No Place Like Home” on January 12 at 12:00 p.m. ET, focusing on investment strategies in the housing category. Webcasts will be available for live access and replay on the company's investor website.
