Williams-Sonoma Beats Q3 Estimates

Williams-Sonoma, Inc. WSM announced operating results Wednesday for the third fiscal quarter ended November 2, 2014.

Net revenues grew 8.7 percent to $1.143 billion, above estimates of $1.12 billion and the $1.052 billion reported in Q3 2013.

 

Operating margin increased to 9.2 percent versus 8.8 percent in Q3 2013.


Diluted earnings per share grew 17.2 percent to $0.68, above estimates of $0.63 and up from $0.58 in Q3 2013.


Cash returned to stockholders totaled $114 million, comprising $83 million in stock repurchases and $31 million in dividends.

Laura Alber, President and Chief Executive Officer, commented, “Solid performance across our brands allowed us to deliver these results with revenue growth of 8.7 percent, operating margin expansion, and earnings per share growth of 17.2 percent. These achievements reflect our product leadership, lifestyle merchandising, iconic brands and strong execution. We also believe that this third quarter further demonstrates that our multi-channel model, with more than 51 percent of revenues now coming from the e-commerce channel, represents a distinct competitive advantage. We continue to focus on serving our customers and investing for sustainable long-term growth.”

Fourth quarter 2014 Guidance included net revenues expected to be in the range of $1.525 billion to $1.575 billion, comparable brand revenue growth is expected to be in the range of 4 to 6 percent and Diluted EPS in Q4 2014 is expected to be in the range of $1.42 to $1.50.

Williams-Sonoma, Inc. traded at $73.50 in the aftermarket, up 5.88 percent.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...