Williams-Sonoma (WSM) Misses Q4 EPS by 3c; Offers Q1, FY16 Outlook
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Williams-Sonoma, Inc. announces fourth quarter and fiscal year 2015 results FY 15 net revenues grow 5.9% with diluted EPS of $3.37
March 16, 2016 4:16 PM EDT
Authorizes $500 million stock repurchase program and 6% dividend
increase
Reiterates long-term outlook and provides financial
guidance for fiscal year 2016
SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM) today announced operating results for the fourth fiscal quarter of 2015 (Q4 15) and fiscal year 2015 (FY 15) ended January 31, 2016 versus the fourth fiscal quarter of 2014 (Q4 14) and fiscal year 2014 (FY 14) ended February 1, 2015.
4th QUARTER 2015 RESULTS
      Q4 15 net revenues grew 2.9% to $1.586 billion versus $1.542 billion in Q4 14 with comparable brand revenue growth of 0.8%.  ... MoreWilliams-Sonoma, Inc. announces $500 million stock repurchase authorization and 6% dividend increase
March 16, 2016 4:15 PM EDTSAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM) announced today that its Board of Directors has authorized a new $500 million stock repurchase program that the company intends to execute over the next three years and a 6% increase in the companys quarterly cash dividend to $0.37 per share. The quarterly dividend is payable on May 27, 2016 to stockholders of record as of the close of business on April 29, 2016.
Laura Alber, President and Chief Executive Officer, remarked, The new stock repurchase authorization, along with our decision to increase the quarterly dividend, underscores our commitment to return... More
