Williams-Sonoma, Inc. announces strong fourth quarter and fiscal year 2019 results
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Williams-Sonoma (WSM) Tops Q4 EPS by 8c, Revenues Beat, Comp. Sales Up 7.6%
March 18, 2020 4:20 PM EDTWilliams-Sonoma (NYSE: WSM) reported Q4 EPS of $2.13, $0.08 better than the analyst estimate of $2.05. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.82 billion.
FOURTH QUARTER 2019
Comparable brand revenue growth accelerates to 7.6%, with positive comparable revenue growth in all brands, including West Elm at 13.9%, Pottery Barn at 6.7%, Pottery Barn Kids and Teen at 7.9% and Williams Sonoma at 3.3%Gross margin of 37.6%, which includes the impact of reduced year-over-year occupancy leverage of approximately 60bps as a result of the 53rd week in FY 18Occupancy costs were $181 million,... More