Home Business At Home Stores are excelling during the pandemic, Expansion is in the...

At Home Stores are excelling during the pandemic, Expansion is in the works for more locations

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One home goods store has actually seen its sales skyrocket throughout the pandemic, with customers flocking to its web site and also shopping for brand-new patio furniture and office accessories. And also it has big objectives to grow, while many merchants are losing weight, or some in its classification like Pier 1 Imports are going out of business totally.

The Chief Executive Officer of Plano, Texas-based At Home informed CNBC’s Kelly Evans Friday mid-day that the business might expand from the 219 location it has today to greater than 600 stores across the country.

“We’re a growth company,” Chief Executive Lee Bird said. “We’ve been growing almost 20% … for the past seven years.”

While some have been struggling with the stay at home orders and seen sales tumble, In At Home company is flourishing, according to a recent initial revenues record.

Earlier today, At Home launched preliminary, unaudited results for its newest quarter ended July 25. It stated quarterly same-store sales are expected to be up 42%. And At Home’s second-quarter net income is projected to be least $82 million, with sales totaling to about $515 million.

“We think this is going to last for some time,” Bird said Friday about people investing in their homes. “People are going to feel a lot more comfortable staying at home than being out. … After 9/11, people stayed at home … and that was a multi-year benefit for our industry.”

At Home shares have actually skyrocketed greater than 123% this year. The company has a market cap of $778.6 million.

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Drew Simms
Drew has always been known as a media jockey, founded a professional business, and a news blog covering the Apple ecosystem. He has served as News Editor and Managing Editor at The Next Web and is now Editor-In-Chief at Drew Reports News. He has made a name for himself in the media world as a writer and editor, relentlessly covering various topics. Contact Drew at drew@drewreportsnews.com.
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