Williams-Sonoma Inc. (WSM) Thursday reported a rise in profit for the first quarter, helped mainly by a 8.6% growth in revenues. Both earnings and revenues came in above analysts' expectations. The company has also raised its full-year guidance.
Net earnings increased to $39.5 million or $0.40 per share from $30.7 million or $0.30 per share in the comparable quarter last year.
Non-GAAP earnings per share for the latest first quarter were $0.41, up from $0.34 in the prior year quarter. On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.37 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $887.81 million, up 8.6 percent from $817.61 million last year, while 24 analysts expected revenues of $868.11 million for the quarter.
Looking ahead to the second quarter, the company expects earnings to be in the range of $0.43 per share to $0.46 per share and net revenues in the range of $920 million to $940 million. Analysts currently expect second quarter earnings of $0.48 per share and revenues of $932.53 million.
For fiscal 2013, the company has raised its earnings to a range of $2.67 to $2.77 per share from its previous range of $2.65 to $2.75 per share. The company also raised its revenues to $4.22 billion to $4.30 billion from its prior expectation of $4.20 billion to $4.28 billion. Analysts currently expect the company to report full-year earnings of $2.77 per share on revenues of $4.25 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
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.