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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 4.62%.
Williams-Sonoma Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.53% to $1.34 in the quarter versus EPS of $1.17 in the year-earlier quarter.
Revenue: Rose 10.9% to $1.41 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Williams-Sonoma Inc. reported adjusted EPS income of $1.34 per share. By that measure, the company beat the mean analyst estimate of $1.29. It beat the average revenue estimate of $1.4 billion.
Quoting Management: Laura Alber, President and Chief Executive Officer, remarked, “Our decision to increase the quarterly dividend, along with the increased stock repurchase authorization, is a reflection of our continued commitment to return capital to our stockholders. As we have said before, we are confident in the growth potential and the cash-generating power of our multi-channel and multi-brand business model.”
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