Williams-Sonoma (WSM) Tops Q3 EPS by 32c

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Go back to Williams-Sonoma (WSM) Tops Q3 EPS by 32c

Williams-Sonoma (WSM) shares rise on strong profitability despite Q3 sales miss

November 16, 2023 10:33 AM EST

Williams-Sonoma (NYSE: WSM) shares are up more than 4% in early Thursday trading on the back of its latest quarterly earnings, which topped profit expectations.

The retailer reported third-quarter earnings of $3.66 per share, $0.32 better than the analyst estimate of $3.34. However, revenue in the quarter was below expectations, coming in at $1.85 billion versus the consensus estimate of $1.94 billion.

The company said its gross margin... More