PLANO, Texas, Jan. 14, 2019 /PRNewswire/ --
- Expects Q4 comparable store sales and net sales toward high end of previous outlook
- Reaffirms expectations for Q4 EPS and pro forma adjusted EPS(1)
At Home Group Inc. (HOME), the home décor superstore, today provided an update on its expected financial results for the fourth quarter ended January 26, 2019.
Lee Bird, Chairman and Chief Executive Officer, stated: "We are pleased with the continued strength of both our new and existing stores quarter-to-date and expect to deliver net sales and comparable store sales toward the high end of our previously provided outlook of $347 million to $352 million and 1.0% to 2.0%, respectively. We are also reaffirming our fourth quarter EPS outlook of $0.44 to $0.47 and our pro forma adjusted EPS1 outlook of $0.45 to $0.48. We would like to thank our team members for their hard work in delivering yet another year of industry-leading growth as we anticipate celebrating our nineteenth consecutive quarter of over 20% top line growth and twentieth consecutive quarter of positive comparable store sales increases. We look forward to sharing our results on our fourth quarter earnings call in March."
Mr. Bird and Jeff Knudson, Chief Financial Officer, are scheduled to present at the 2019 ICR Conference in Orlando, Florida, on Tuesday, January 15, 2019, at 11:00 am Eastern Time. A live audio webcast of the fireside chat, together with related materials, will be accessible under News & Events at investor.athome.com. An archived replay will be available at investor.athome.com for approximately 90 days following the webcast.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by our use of forward-looking terminology such as "anticipate", "are confident", "assumed", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "on track", "outlook", "plan", "potential", "predict", "reaffirm", "seek", "should", or "vision", or the negative thereof or other variations thereon or comparable terminology. In particular, statements about our outlook and assumptions for financial performance for the fourth quarter and fiscal year 2019, as well as statements about the markets in which we operate and our expectations, beliefs, plans, strategies, objectives, prospects, assumptions or future events or performance contained in this document are forward-looking statements.
We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those factors described in "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended January 27, 2018 and other reports that we file with the Securities and Exchange Commission ("SEC"), may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future performance and our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if our results of operations, financial condition and liquidity, and events in the industry in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of results or developments in future periods.
Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this document.
About At Home Group Inc.
At Home (HOME), the home decor superstore, offers more than 50,000 on-trend home products to fit any budget or style, from furniture, mirrors, rugs, art and housewares to tabletop, patio and seasonal decor. At Home is headquartered in Plano, Texas, and currently operates 178 stores in 36 states. For more information, please visit us online at investor.athome.com.
1 Represents a non-GAAP financial measure. For additional information about non-GAAP measures, including, where applicable, reconciliations to the most directly comparable financial measures presented in accordance with GAAP, please see "Non-GAAP Measures" in Exhibit 99.1 on Form 8-K for the quarter ended October 27, 2018 filed with the SEC on December 6, 2018.