Williams-Sonoma (WSM) Rallies On Q4 Earnings & Revenue Beat
Zacks Investment Research | Mar 14, 2018 09:27PM ET
Shares of Williams-Sonoma Inc. (NYSE:WSM) rallied more than 5% in after-hours trading on Mar 14, after the company reported better-than-expected results in the fourth quarter of fiscal 2017.
Adjusted earnings of $1.68 per share surpassed the Zacks Consensus Estimate of $1.63. The figure also increased 8.4% from the year-ago level.
Revenue Discussion
Net revenues of $1,680 million came ahead of the consensus mark of $1,649 million and increased 6.2% year over year.
Comparable brand revenues increased 5.4% in the quarter, better than 3.3% increase in the preceding quarter and 0.9% decline in the year-ago quarter. The reported figure marks the highest fourth-quarter comps the company has registered in several years, driven by broad-based strength across all its brands. All brands of Williams-Sonoma have returned to positive growth this quarter.
The company’s namesake brand’s comparable brand revenues were up 4.3%, better than 1.4% growth in the prior-year quarter. West Elm’s comparable brand revenues increased 12.3% compared with a 6.5% rise in the prior-year quarter.
Pottery Barn’s comparable brand revenues were up 4.1% against a 4.1% decline in the prior-year quarter. Pottery Barn Kids’ comparable brand revenues increased 0.9% against 4.9% decline in the year-ago quarter. PBteen’s comparable brand revenues registered 2.6% growth against 8.1% plunge in the year-ago quarter.
Williams-Sonoma, Inc. Price, Consensus and EPS Surprise
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