Why At Home Stock Popped Today
Shares of At Home (NYSE: HOME) have popped today, up by 11% as of 2:45 p.m. EST, after the company updated its guidance for the fourth quarter and fiscal 2020. At Home provided the update ahead of presenting at an investor conference.
Net sales and comparable-store sales in the fourth quarter are expected to come in near the high end of the company's previously provided guidance, which called for revenue of $385 million to $393 million and comps of negative 4% to negative 6%. The home furnishings retailer had cut its outlook for fiscal 2020 last month, citing "weaker performance in our Christmas offering."
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Source Fool.com
