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Williams-Sonoma Inc. (WSM) Is Declining Following Holiday Sales Report

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Williams-Sonoma Inc. (WSM) announced after the bell Wednesday that revenues for the nine-week holiday period increased 4.8 percent to $1.01 billion from last year. Comparable brand revenues increased 4.4 percent. The company also reaffirmed the company's financial guidance for the fourth quarter and fiscal year 2012.

Williams-Sonoma gapped open lower Thursday and has continued to fall in early trade. Shares are now down 3.05 at $44.08. The stock has dropped to over a 2-week low and has fallen below its 50-day moving average.

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