Business Corpus: Retail Stocks: At Home Earnings Mixed Late, Raises GuidanceHome-decor retail chain At Home reports fiscal second-quarter earnings after the closing bell today, as Wall Street continues to find reasons to buy retail stocks. Here's a look at what to expect. The post Retail Stocks: At Home Earnings Mixed Late, Raises Guidance appeared first on Investor's Business Daily.

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Home-decor retail chain At Home (HOME) reported fiscal second-quarter earnings and revenue that beat expectations. But same-store sales missed. The company raised its earnings and sales outlook for the full fiscal year.

Estimates: An 83% spike in earnings per share to 33 cents. Wall Street expected revenue to jump 24% to $287 million. Same-store sales were expected to increase 3.1%.

Results: Same-store sales rose 2.8%. Adjusted EPS came in at 34 cents. Net sales rose 24.3% to $288.5 million.

Outlook: The company expects net sales of $1.159 billion-$1.164 billion for the full fiscal year, up from its forecast in June for $1.154 billion-$1.161 billion.

At Home now sees EPS for the full year coming in at $1.27-$1.31, up from $1.25-$1.30, citing the "strength of our business, coupled with continued tax benefits related to stock option exercises."

Zacks forecast full-year EPS of $1.30 on revenue of $1.164 billion.

The company also forecast full-year same-store sales of 3%-3.5%. That's up from the 2.5%-3.5% gain it forecast in June.

For the third quarter, the company sees net sales of $264 million to $266 million, with same-store sales rising 4.5%-5%. At Home expects EPS to be between 14 and 15 cents for the quarter.

For the third quarter, Zacks expected EPS of 12 cents, with revenue of $265 million.

Retail Stocks

At Home Shares slid 6% after-hours in the stock market today. The stock has a 97 Composite Rating out of a best-possible 99.

Bed Bath and Beyond (BBBY) was unchanged, as was Pier 1 (PIR).

Upscale RH (RH), formerly Restoration Hardware, was also unchanged after hours, and was in a cup base with a 164.59 entry. The chain, known for its palatial furniture stores, reports earnings on Sept. 4. The stock has a 93 Composite Rating, and its Relative Strength line is just off all-time highs.

Williams-Sonoma (WSM) was essentially flat in after-hours trading. Shares of the upscale cookware retailer uppercutted through a buy point last week after the company boosted its outlook and reported Q2 results that topped estimates.

Retail stocks so far this year have recovered from a tough 2017, helped by tax cuts, a better economy and possible signs of new fashion trends.

At Home, based in Plano, Texas, operates 166 stores in 36 states. The company, in its most recent annual report, says it is the only big-box retailer solely devoted to home decor, a segment other retailers have increasingly banked on to make up for sluggish sales in other departments.

As with other retailers, some less-pleasant-than-expected spring weather in some parts of the U.S. dampened sales in At Home's outdoor, patio and garden segments. Overall, the company said it continued to benefit from rustic, "modern farmhouse" trends and Scandinavian-inspired offerings.

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The post Retail Stocks: At Home Earnings Mixed Late, Raises Guidance appeared first on Investor's Business Daily.