(Adds Outlook, share movement)
Looking ahead, for the full year, Williams-Sonoma, Inc. (WSM) has reaffirmed its annual revenue growth guidance of negative 3 percent to positive 3 percent, with comparable store sales growth of negative 4.5 percent to positive 1.5 percent.
WSM was trading up by 7.35 percent at $338.35 in the pre-market trade on the New York Stock Exchange.
Q1 Results:
Williams-Sonoma Inc. (WSM) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $265.666 million, or $4.07 per share. This compares with $156.531 million, or $2.35 per share, in last year's first quarter.
Excluding items, Williams-Sonoma Inc. reported adjusted earnings of $4.07 per share for the period.
Analysts on average had expected the company to earn $2.7 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 5.4% to $1.660 billion from $1.755 billion last year.
Williams-Sonoma Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $265.666 Mln. vs. $156.531 Mln. last year.
-EPS (Q1): $4.07 vs. $2.35 last year.
-Revenue (Q1): $1.660 Bln vs. $1.755 Bln last year.
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