Williams-Sonoma (WSM) Tops Q1 EPS by 3c

Williams-Sonoma (NYSE: WSM) reported Q1 EPS of $0.53, $0.03 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.08 billion.

Laura Alber, President and Chief Executive Officer, commented, “In the first quarter we saw accelerated growth in West Elm and Williams-Sonoma, as well as improvement across the Pottery Barn brands. We also saw positive results from our inventory and supply chain initiatives. We believe our strong brands and profitable multi-channel strategy create a sustainable competitive advantage. We are executing against our key growth and profitability initiatives, and believe we are on track to deliver on both our near and longer-term goals.”

GUIDANCE:

Williams-Sonoma sees Q2 2016 EPS of $0.54-$0.60, versus the consensus of $0.60.

Williams-Sonoma sees FY2016 EPS of $3.50-$3.65, versus the consensus of $3.55. Williams-Sonoma sees FY2016 revenue of $5.15-5.25 billion, versus the consensus of $5.21 billion.

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

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