Williams-Sonoma, Inc. announces strong results for the first quarter of 2020
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Williams-Sonoma (WSM) Tops Q1 EPS by 89c, Revenues Beat
May 28, 2020 4:19 PM EDTWilliams-Sonoma (NYSE: WSM) reported Q1 EPS of $0.74, $0.89 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.02 billion.
Total comparable brand revenue growth of 2.6%, including e-commerce comps accelerating to 31.2%GAAP diluted EPS of $0.45; Non-GAAP diluted EPS of $0.74Solid liquidity position with over $860 million in cashFIRST QUARTER 2020
Net revenues of $1.235 billion were relatively flat to last year despite stores being temporarily closed for most of the quarter, driven by a significant acceleration in e-commerce revenue growth to over... More