Williams-Sonoma, Inc. reports strong results for the second quarter of 2019
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Williams-Sonoma (WSM) Tops Q2 EPS by 3c, Revenues Beat, Comp. Sales Up 6.5%; Raises FY19 EPS/Revenue Guidance, Boosts Long-Term Financial Targets
August 28, 2019 4:20 PM EDTWilliams-Sonoma (NYSE: WSM) reported Q2 EPS of $0.87, $0.03 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.32 billion.
SECOND QUARTER 2019
Net revenue growth of 7.5% to $1.371 billionComparable brand revenue growth of 6.5%, primarily driven by an acceleration in comparable growth for West Elm and Pottery Barn to 17.5% and 4.2%, respectivelyGAAP operating margin of 6.3%; non-GAAP operating margin expansion of 10bps to 6.9%GAAP diluted EPS of $0.79; non-GAAP diluted EPS $0.87, a 13% increase compared to Q2 18GUIDANCE
Raises fiscal year 2019 net revenues,... More