Williams-Sonoma Inc. (WSM - Free Report) just released its fourth quarter fiscal 2017 financial results, posting earnings of $1.68 per share and revenues of $1.68 billion. WSM is up about 6% to $57 per share shortly after the report was released.
Currently, WSM is a #3 (Hold) on the Zacks Rank, and estimates have increased by a penny to $3.55 a share for the current year. Estimates are on the rise for the next fiscal year as well.
Beat earnings estimates. The home retail conglomerate reported non-GAAP diluted earnings of $1.68 per share, topping the Zacks Consensus Estimate of $1.63 per share, representing an 8.4% increase from the prior-year period.
Beat revenue estimates. The company saw sales of $1.68 billion, just edging past our consensus estimate of $1.65 billion and growing 6.5% year-over-year.
Comparable brand revenue growth was 5.4%, and the company saw positive growth in this category across all of its brands including Pottery Barn at 4.1% and Williams Sonoma at 4.3%. West Elm, WSM’s mid-century modern line, was the stand out at 12.3% growth.
Its e-commerce business surged 8.45 to $877 million, reflecting 52.2% of total company net revenues.
“In 2018, we will continue to strategically invest in digital advertising, technology and our customer experience, while driving efficiencies and cost savings throughout our business. Looking ahead, we are confident in our strategies and proven t rack record to further extend our leadership in the home furnishings and housewares industry,” said president and CEO Laura Alber.
Here’s a graph that looks at Williams-Sonoma’s price, consensus, and EPS surprise:
Williams-Sonoma is a specialty retailer of high-quality products for the home. These products, representing eight distinct merchandise strategies - Williams Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams Sonoma Home, Rejuvenation, and Mark and Graham - are marketed through e-commerce websites, direct mail catalogs and retail stores. Williams-Sonoma’s portfolio has been fueled by three areas of strategic investment: brand experimentation and innovation, for a best-in-class approach to multi-channel retail experiences; operational excellence across the enterprise, from quality product and sourcing, to efficient manufacturing and supply chain; and culture and corporate social responsibility, from commitments to foster women in leadership and embrace diversity, to a healthy impact on community and environment.
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