Williams-Sonoma (WSM) Shares Up 6% on Q4 Beat, Increases Dividend 10%, Authorizes $1.5B Buyback

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Williams-Sonoma, Inc. announces a 10% quarterly dividend increase and a new $1.5 billion stock repurchase authorization

March 16, 2022 4:16 PM EDT

 

SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM) announced today that its Board of Directors has authorized a 10% increase in the companys quarterly cash dividend to $0.78 per share. The quarterly dividend is payable on May 27, 2022, to stockholders of record as of the close of business on April 22, 2022. The Board of Directors also approved a new $1.5 billion stock repurchase authorization, which supersedes the approximately $750 million that remains outstanding under the companys current stock repurchase authorization.

Our impressive finish to fiscal 2021, our strong liquidity position, and our operating cash... More

Williams-Sonoma, Inc. announces record fourth quarter and fiscal year 2021 results

March 16, 2022 4:15 PM EDT

Q4 GAAP EPS of $5.41; non-GAAP EPS of $5.42, growing 37% over last year
Q4 comparable brand revenue growth of 10.8% with 21.0% GAAP operating margin
FY21 comparable brand revenue growth accelerates to 22.0%, a 39.0% 2YR comp
FY21 GAAP operating margin of 17.6%; non-GAAP operating margin of 17.7% expanding 350bps
Reiterates long-term outlook

SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM), the worlds largest digital-first, design-led and sustainable home retailer, today announced operating results for the fourth fiscal quarter (Q4 21) and fiscal year 2021 ("FY 21") ended January 30, 2022.

We are thrilled to... More