Here's Why At Home Group Stock Shot Up Today

Shares of home-furnishing company At Home Group (NYSE: HOME) shot up on Thursday after the company gave investors a sneak peak of upcoming results for the second quarter of its fiscal 2021. The preliminary results show big sales gains at its more than 200 retail locations.

At Home Group stock is up 34% as of 11:00 a.m. EDT. And it's now a 10-bagger from its absolute bottom earlier this year.

Demand for At Home Group's products soared in Q2. The company tracks sales from stores opened over 15 months with a metric called comparable-store sales. Comp sales increased an eye-popping 42% year over year. For perspective, in the second quarter of last year, comp sales fell 0.4%. And last quarter, comp sales plummeted 46.5% after the company closed all its locations.

Continue reading

Source Fool.com