Williams-Sonoma (WSM) Tops Q3 EPS by 1c

Williams-Sonoma, Inc. announces third quarter 2016 results Net revenues grow 1.1% with GAAP EPS of $0.78 and non-GAAP EPS of $0.79 Gross margin improves to 36.8% and merchandise inventories decrease 3

November 17, 2016 4:15 PM EST

SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM) today announced operating results for the third fiscal quarter ended October 30, 2016 (Q3 16) versus the third fiscal quarter ended November 1, 2015 (Q3 15).

3rd QUARTER 2016 RESULTS

         

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    Q3 16 net revenues grew 1.1% to $1.245 billion versus $1.232 billion in Q3 15 with comparable brand revenue decreasing 0.4%.  

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Q3 16 operating margin was 8.8% versus 9.0% in Q3 15. Excluding unusual business events due to severance-related reorganization charges (see Note 1 in Exhibit 1), non-GAAP operating margin was 8.9% in Q3 16. See... More

REJUVENATION TO OPEN FIRST MIDWEST STORE IN CHICAGO

November 17, 2016 8:00 AM EST

Signature Crafted and Heritage-Inspired Lighting and Home Goods Destination to Open on North Avenue in the Lincoln Park neighborhood

CHICAGO--(BUSINESS WIRE)-- Rejuvenation, a general store for useful and beautiful products for the home, will open its seventh retail location on November 21st in Chicagos Lincoln Park neighborhood. The 6,000 square-foot store will be located at 1000 W. North Ave., and is the retailers first store in the Midwest.

Rejuvenations product assortment includes both new and vintage items for every room in the home. From chandeliers and hardware to bed and sofas, the historically... More