logo
  

Williams-Sonoma Raises FY21 Outlook

Home retailer Williams-Sonoma, Inc. (WSM) on Thursday lifted its outlook for full year 2021. The company raised its annual outlook to 22-23 percent of net revenue growth and non-GAAP operating margin to between 16.9-17.1 percent.

In the long run, the company expects annual net revenue growth of mid-to-high single digits with non-GAAP operating margin at least at fiscal year end 2021 levels. Williams-Sonoma said that the company's continued strong results, along with three key
differentiators of in-house design, digital-first channel strategy and values, gives it confidence in these future growth indicators.

The company said that it is on track to achieve $10 billion in net revenues by 2024.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Teva Pharmaceuticals USA, Inc. has recalled one lot of platelet-reducing drug Anagrelide in the form of capsules due to dissolution test failure detected during routine stability testing, the U.S. Food and Drug Administration, or FDA, said in a statement. The U.S. Food and Drug Administration said it has taken steps to make available millions of cans of additional infant and specialty formula to U.S. consumers in the coming months. Under the agency's recent increased flexibilities, British nutrition products maker Kendal Nutricare will send about 2 million cans of infant formula under the Kendamil brand initially to U.S. beginning in June. Video streaming giant Netflix Inc. announced the availability of a variety of mobile games. Players can download the games directly from the Netflix mobile app. The new games include Dragon Up (East Side Games), Moonlighter (11 Bit Studios), Townsmen - A Kingdom Rebuilt (HandyGames), and Exploding Kittens - The Game (Exploding Kittens Digital).
Follow RTT