Williams-Sonoma Inc.

Williams-Sonoma's stock rallies on earnings beat, outlook

Williams-Sonoma Inc. shares surged in the extended session Wednesday after the high-end home furnishings retailer's results topped Wall Street estimates and the company raised its outlook. Williams-Sonoma shares jumped 15% after hours, following a 4% gain to close the regular session at $49.18. The company reported first-quarter net income of $45.2 million, or 54 cents a share, compared with $39.6 million, or 45 cents a share, in the year-ago period. Adjusted earnings were 67 cents a share. Revenue rose to $1.2 billion from $1.11 billion in the year-ago period. Analysts surveyed by FactSet had estimated 58 cents a share on revenue of $1.16 billion. For the year, Williams-Sonoma raised its outlook to estimated earnings of $4.15 to $4.25 a share on revenue of $5.5 billion to $5.66 billion. Analysts expect earnings of $4.18 a share on revenue of $5.57 billion.

• May. 23, 2018 at 4:48 p.m. ET
• by Wallace Witkowski

Williams-Sonoma raises 2018 net revenue outlook

Williams-Sonoma raises 2018 net revenue outlook

• May. 23, 2018 at 4:21 p.m. ET
• by Claudia Assis

Williams-Sonoma shares up 10% after Q1 earnings

Williams-Sonoma shares up 10% after Q1 earnings

• May. 23, 2018 at 4:20 p.m. ET
• by Claudia Assis

Bed Bath & Beyond shares slide 16% as analysts slash stock price targets

Shares of Bed, Bath & Beyond Inc. fell 16% in premarket trade Thursday, as analysts weighed in on fourth-quarter earnings released late Wednesday with a series of stock price target cuts. The company beat earnings estimates for the quarter, but same-store sales fell more than forecast and the retailer offered weak guidance for fiscal 2018. Wedbush analysts slashed their stock price target to $18 from $23, noting that margins "remain under severe pressure." And while they commend the company for aggressive investments in price, shipping, product and the customer experience, it's unclear when those improvements will show up in earnings. "With the competition only getting better and spending more, the read-through is negative to home furnishings retailers without significant brand-driven pricing power including Williams-Sonoma and and Pier One ," they wrote. KeyBanc cut its stock price target to $16 from $17, Credit Suisse lowered its target to $20 from $25 and J.P. Morgan cut its to $16 from $18. Shares have fallen 44% in the last 12 months, while the S&P 500 has gained 13%.

• Apr. 12, 2018 at 8:17 a.m. ET
• by Ciara Linnane

S&P 500 violates 50-day average, deeper trendline support under siege

The major U.S. benchmarks are firmly lower early Monday, pressured ahead of a widely-expected Federal Reserve interest-rate hike, set for release Wednesday. In the process, the S&P 500 has ventured under its 50-day moving average, currently 2,749, a move placing deeper trendline support, circa 2,730, firmly under siege.

• Mar. 19, 2018 at 11:24 a.m. ET
• by Michael Ashbaugh

Williams-Sonoma shares rally on earnings, outlook beat

Williams-Sonoma Inc. shares surged in the extended session Wednesday after the upscale home furnishing retailer's quarterly results and outlook topped Wall Street estimates. Williams-Sonoma shares rallied 7.2% after hours, following a gain of 1.8% to close at $53.70. The company reported fourth-quarter net income of $95.8 million, or $1.13 a share, compared with $144.6 million, or $1.63 a share, in the year-ago period. Adjusted earnings were $1.68 a share. Revenue rose to $1.68 billion from $1.58 billion in the year-ago period. Analysts surveyed by FactSet had estimated $1.61 a share on revenue of $1.65 billion. Williams-Sonoma estimates adjusted earnings of 55 cents to 60 cents a share on revenue of $1.14 billion to $1.17 billion for the first quarter, and $4.12 to $4.22 a share on revenue of $5.48 billion to $5.64 billion for the year. Analysts expect earnings of 57 cents a share on revenue of $1.15 billion for the first quarter, and $4.07 a share on revenue of $5.48 billion for the year. Williams-Sonoma also hiked its quarterly dividend 10% to 43 cents a share and raised its share buyback authorization to $500 million.

• Mar. 14, 2018 at 4:33 p.m. ET
• by Wallace Witkowski

Williams-Sonoma shares surge 6% after results, outlook top Street view

Williams-Sonoma shares surge 6% after results, outlook top Street view

• Mar. 14, 2018 at 4:19 p.m. ET
• by Wallace Witkowski

Williams-Sonoma sees 2018 EPS of $4.12 to $4.22 vs $4.07 Street view

Williams-Sonoma sees 2018 EPS of $4.12 to $4.22 vs $4.07 Street view

• Mar. 14, 2018 at 4:19 p.m. ET
• by Wallace Witkowski

Williams-Sonoma Q4 adjusted EPS $1.68 vs $1.61 Street view

Williams-Sonoma Q4 adjusted EPS $1.68 vs $1.61 Street view

• Mar. 14, 2018 at 4:17 p.m. ET
• by Wallace Witkowski

Williams-Sonoma Q4 revenue $1.68 bln vs $1.58 bln year ago

Williams-Sonoma Q4 revenue $1.68 bln vs $1.58 bln year ago

• Mar. 14, 2018 at 4:16 p.m. ET
• by Wallace Witkowski

Williams-Sonoma Q4 EPS $1.13 vs $1.63 year ago

Williams-Sonoma Q4 EPS $1.13 vs $1.63 year ago

• Mar. 14, 2018 at 4:16 p.m. ET
• by Wallace Witkowski

Pottery Barn partners with Lilly Pulitzer for home decor line

• Feb. 21, 2018 at 10:04 a.m. ET
• by Tonya Garcia

Home Depot, Best Buy and Dick's Sporting Goods among the retailers poised to gain share from Sears

• Feb. 12, 2018 at 10:41 a.m. ET
• by Tonya Garcia

Williams-Sonoma shares up nearly 6% in Tuesday trading

• Feb. 6, 2018 at 3:14 p.m. ET
• by Tonya Garcia

Williams-Sonoma partners with SleepScore Labs on new mattress system

• Jan. 4, 2018 at 1:17 p.m. ET
• by Tonya Garcia

Williams-Sonoma to sell Leesa Sleep mattress on Pottery Barn website

• Dec. 6, 2017 at 9:10 a.m. ET
• by Tonya Garcia