Williams-Sonoma (WSM) Up 12% On Q1 Earnings & Revenue Beat
Zacks Investment Research | May 30, 2019 11:05PM ET
Williams-Sonoma Inc.’s (NYSE:WSM) shares climbed more than 12% on May 30, after reporting first-quarter fiscal 2019 results. Not only the company posted better-than-expected results, it also lifted its fiscal 2019 earnings guidance, given strong business trend.
Non-GAAP earnings of 81 cents per share surpassed the Zacks Consensus Estimate of 68 cents by 19.1%. The figure also grew 21% year over year.
Moreover, revenues of $1,241.1 million beat the consensus mark of $1,222 million by 1.6% and grew 3.2% year over year.
Comps increased 3.5% in the fiscal first quarter compared with 2.4% growth in fourth-quarter fiscal 2018. Yet, the reported figure was down from 5.5% in the year-ago quarter.
The company’s West Elm brand’s comps grew 11.8% compared with 9% growth in the prior-year quarter. Pottery Barn and Pottery Barn Kids and Teen grew 1.5% and 1.2% versus 2.7% and 5.3% in the prior-year quarter, respectively. However, the Williams (NYSE:WMB) Sonoma brand’s comps declined 1.6% in the quarter compared with 5.6% comps growth registered in the year-ago period.
Williams-Sonoma, Inc. Price, Consensus and EPS Surprise
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