Williams Sonoma’s Home Run Continues With Spectacular Second Quarter [Forbes]
Williams-Sonoma, Inc. (DE) (WSM)
Last williams-sonoma, inc. (de) earnings: 3/18 04:15 pm
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Source: Forbes
West Elm led the way but all the Sonoma nameplates had a really good quarter. (Photo by Smith... [+]Collection/Gado/Getty Images)If anyone was concerned about a possible slowdown in the home products business, they should talk to Laura Alber over at Williams Sonoma.Yesterday, the multi-brand home furnishings retailer put up numbers for its second quarter that were nothing short of spectacular. Not only that, but the company remains joyously buoyant about the prospects for its business going forward and expects to hit its $10 billion-a-year annual sales goal in 2024, a year faster than earlier projects.Wall Street loved what they were hearing today – especially the 80% increase in profits per share and the robust forecast — with the stock up more than 16% by mid-morning, even briefly touching its all-time high at the opening bell. A 20% increase in its dividend didn’t hurt either.As such Sonoma stands in sharp contrast to two other big players in the home space, Home DepotHDLOWNo such
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News
- FTC Fines Williams-Sonoma for False ‘Made in USA' Claims [Yahoo! Finance]Yahoo! Finance
- Zacks Industry Outlook Highlights Williams-Sonoma and Ethan Allen [Yahoo! Finance]Yahoo! Finance
- The Best Diaper Bags For Twins, According To A Mom Of Twins [Forbes]Forbes
- 2 Retail Home Furnishing Stocks to Watch Despite Industry Woes [Yahoo! Finance]Yahoo! Finance
- Williams-Sonoma, Inc. (NYSE: WSM) had its price target lowered by analysts at Evercore ISI from $315.00 to $300.00. They now have an "in-line" rating on the stock.MarketBeat
WSM
Earnings
- 3/13/24 - Beat
WSM
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- WSM's page on the SEC website