Williams-Sonoma (WSM) Holiday Comps Rose 4.4%; Reaffirms Outlook

January 16, 2013 4:06 PM EST
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Williams-Sonoma, Inc. (NYSE: WSM) today announced that net revenues for the nine-week holiday period (October 29, 2012 - December 30, 2012) increased 4.8% to $1.014 billion versus the comparable last year nine-week holiday period ended January 1, 2012. Comparable brand revenues increased 4.4%.

Laura Alber, President and Chief Executive Officer, commented, “Our holiday performance reflects the strength of our brands in a period of consumer uncertainty and intense promotional activity across the retail industry. As our overall financial performance was within our range of expectations for the holiday period, we are reiterating the financial guidance we provided for the fourth quarter and fiscal year 2012 in our November 14, 2012 earnings release. We will discuss our performance in detail during our fourth quarter and fiscal year 2012 earnings call in March.”

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. We will discuss our strategies and financial outlook for 2013 during our earnings call in March.”

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