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At Home beats Q2 estimates; raises sales outlook
At Home Group is on a roll — and then some. The fast-growing, value home decor retailer on Tuesday reported its 14th consecutive quarter of same-store sales increases and 13th consecutive quarter of over 20% net sales growth. In the second quarter ended July 29, At Home's net sales increased 23.2% to $232.1 million, from $188.4 million in the year-ago period. Analysts had expected sales of $227.1 million. Same-store sales rose 7.8%. -
Warehouse club giant tops estimates in August
Costco Wholesale Corp. turned in a strong performance in August, helped by a big increase in online sales. Net sales rose 10% to $9.8 billion for the month of August, from $8.9 billion during the similar period last year. Total same-store sales rose 7.3%, higher than the 6.1% Wall Street expected. Same-store U.S. sales rose 7.4%, easily topping estimates for a 4.9% to 5.3% increase. Costco's comparable e-commerce sales jumped 26% in August.