Williams-Sonoma (WSM) Tops Q1 EPS by 9c

Williams-Sonoma (NYSE: WSM) reported Q1 EPS of $0.67, $0.09 better than the analyst estimate of $0.58. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.16 billion.

GUIDANCE:

Williams-Sonoma sees Q2 2018 EPS of $4.15-$4.25, versus the consensus of $4.19. Williams-Sonoma sees Q2 2018 revenue of $5.495-5.655 billion, versus the consensus of $5.57 billion.

“Following a robust fourth quarter, we saw continued strength in the first quarter. We achieved strong results against our guidance range across all metrics, with our e-commerce revenues outpacing to almost 54% of our total revenues. Our customer growth continued to trend positively for both new and existing customers, demonstrating the success of our balanced customer acquisition strategy.”

Alber continued, “These results speak to the power of our established multi-channel model, distinctive brand portfolio and world-class customer service heritage – all of which are our company’s competitive strengths. Based on this strong start to the year, we are raising our full year guidance for net revenues by $20 million and for EPS by $0.03.”

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

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