Williams-Sonoma Inc.'s (WSM) first-quarter net earnings decreased to $30.72 million from $31.61 million last year, while earnings per share improved to $0.30 from $0.29 a year earlier. Excluding unusual business events, quarterly non-GAAP earnings per share went up 13% to $0.34 from $0.30 in the prior-year quarter. On average, 26 analysts polled by Thomson Reuters expected earnings per share of $0.32 for the quarter. Analysts' estimates typically exclude one-time items.
Net revenues climbed 6.1% to $817.61 million from $770.82 million in the 2011 first quarter, with comparable brand revenue up 5.4%. Analysts estimated revenues of $811.73 million for the quarter.
Looking ahead to the second quarter, Williams-Sonoma anticipates earnings per share of $0.38 - $0.41 on total net revenues of $850 million - $870 million, whereas analysts estimate second-quarter earnings per share of $0.40 and revenue of $865.05 million.
For fiscal 2012, the company now sees earnings per share of $2.38 - $2.45 on a GAAP basis, and $2.42 - $2.49 on a non-GAAP basis, while total net revenues are currently anticipated to lie between $3.95 billion and $4.02 billion. Previously, earnings per share were estimated to range between $2.37 and $2.47 and total net revenues of $3.93 billion - $4.02 billion. Analysts project earnings of $2.46 per share on $3.99 billion revenue for the full year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.