Williams-Sonoma Inc. (WSM) Wednesday said revenues for the nine-week holiday period increased five percent from last year.
The San Francisco-based home products retailer said revenues for the nine-week holiday period (October 29, 2012 to December 30, 2012) increased 4.8 percent to $1.01 billion from last year. Comparable brand revenues increased 4.4 percent.
Chief Executive Laura Alber said, "Our holiday performance reflects the strength of our brands in a period of consumer uncertainty and intense promotional activity across the retail industry."
Alber also reaffirmed the company's financial guidance for the fourth quarter and fiscal year 2012.
Alber concluded, "Looking forward to fiscal 2013, we will continue to focus on our strategies to drive sustainable, profitable growth and increase shareholder value by growing our existing brands, developing new businesses, and expanding globally, including the opening of our first Australian stores."
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