Why At Home Group Stock Plunged Today
Shares of At Home Group (NYSE: HOME) have plunged today, down by 35% as of noon EST, after the company reported third-quarter earnings results. The home decor retailer is struggling to pass along tariff costs to consumers and cut its full-year outlook.
Revenue in the third quarter increased 19% to $318.7 million, exceeding the $314.8 million in sales that analysts were modeling for. That top-line growth was largely attributable to new store openings, as comparable-store sales declined 2%. The company said the poor comps were "primarily driven by unfavorable customer response in certain categories to tariff-related strategic price increases."
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Source Fool.com
