Williams-Sonoma, Inc. (WSM) Tops Q1 EPS by 4c; Boosts Outlook

May 23, 2013 4:12 PM EDT
Williams-Sonoma, Inc. (NYSE: WSM) reported Q1 EPS of $0.41, $0.04 better than the analyst estimate of $0.37. Revenue for the quarter came in at $888 million versus the consensus estimate of $868.11 million. Comparable brand revenue growth in Q1 13 increased 7.2%

Williams-Sonoma, Inc. sees FY2013 EPS of $2.67-2.77, versus the consensus of $2.77. Williams-Sonoma, Inc. sees FY2013 revenue of $4.22-4.3 billion, versus the consensus of $4.25 billion.

Laura Alber, President and Chief Executive Officer commented, "Our first quarter 2013 financial results represent our best first quarter in the company’s history, exceeding our expectations for both operating margin and diluted EPS, on revenue growth of 9%. We delivered these results while simultaneously investing in our future growth strategies."

Alber continued, "Based on our results to date and our continued confidence in the full year, we are raising our FY 2013 revenues to a range of $4.22 billion to $4.30 billion and our non-GAAP EPS to a range of $2.67 to $2.77."

Alber remarked, "In the first quarter, we reached an important new milestone with the launch of our first company-owned stores and e-commerce sites in Australia. We also announced today our further global expansion into the United Kingdom later this year, and we are excited about the opportunities we see to grow our brands globally."

For earnings history and earnings-related data on Williams-Sonoma, Inc. (WSM) click here.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance, Hot Earnings

Related Entities