Williams-Sonoma Earnings: Here’s Why Shares are Up Now
Williams-Sonoma Inc. (NYSE:WSM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.28%.
Williams-Sonoma Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20.59% to $0.41 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 8.58% to $887.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Williams-Sonoma Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $868.11 million.
Quoting Management: Laura Alber, President and Chief Executive Officer commented, “Our first quarter 2013 financial results represent our best first quarter in the company’s history, exceeding our expectations for both operating margin and diluted EPS, on revenue growth of 9%. We delivered these results while simultaneously investing in our future growth strategies.”
Key Stats (on next page)…