-=At Home Group (HOME) reported earnings on Wed 4 Dec 19 (a/h)

• Update:  At Home Group was acquired by Hellman & Friedman for $2.8 billion.  (July 2021)

At Home Group beats by $0.02, beats on revs; issues downside Q4 guidance

Reports Q3 (Oct) net of breakeven, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of ($0.02); revenues rose 19.3% year/year to $318.7 mln vs the $314.84 mln S&P Capital IQ Consensus. Adjusted EBITDA decreased 11.0% year to date to $113.8 million from a recast $127.9 million in the prior year period. Comparable store sales decreased 1.1% year to date primarily due to adverse weather conditions in the first half of fiscal 2020 and, to a lesser extent, unfavorable customer response in certain categories to tariff-related strategic price increases.

Co sees Q4 adj EPS of $0.31-0.36, inclusive of $(0.02) impact of second DCmay not be comparable to $0.50 S&P Capital IQ Consensus; sees Q4 revs of $385-393 mln vs. $413.74 mln S&P Capital IQ Consensus.; comps down 4-6%.