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  • Williams-Sonoma, Inc. (WSM) Stock Showed Positive Performance on Thursday, Here’s the Reason

    Williams-Sonoma, Inc. (WSM), an omnichannel specialty retailer of various products for homes, has declined 7.78% in the premarket trading session. Consequently, WSM is trading at $201.87 at the time of the writing. On Thursday, WSM closed the day at $218.89 after gaining an increase of 4.26% during regular trading hours. The increase was attributable to the announcement of quarterly results.

    Why WSM Stock Gain on Thursday?

    On Thursday, WSM released the financial results for the third quarter of the fiscal year 2021. The quarter ended on 31st October 2021. The company’s revenues grew an outstanding 16% during the quarter. The growth was driven by the higher sales across all the bands. The GAAP and non-GAAP gross margins remained at 43.7% during the quarter. The GAAP operating margin remained at 16.1% during the quarter, while the non-GAAP operating margin hovered around 16.3% during the quarter. The GAAP diluted EPS was $329 during the quarter, the non-GAAP diluted EPS was $3.32.

    Financial Outlook

    Alongside the financial results, WSM also reported the financial outlook for the upcoming period. The company believed that the increase in the company’s strength during the year means that it would continue to benefit its business in the long run. The company raised the fiscal year 2021 revenue growth target from 22% to 23%, while the target for non-GAAP operating margin was between the ranges of 16.9% to 17.1%. The company hopes that a continuation of similar performance would aid it to achieve $10 billion in revenue by 2024.

    Executive Commentary

    Laura Alber, President and Chief Executive Officer of WSM, while commenting on the results said that the company is extremely proud to deliver yet another quarter of strong and monumental performance. She further said that with the strong quarterly results to date, the company is well-positioned in the industry and is confident than ever in the long-term strength of its business policies.

    What’s Ahead for WSM?

    Stats reveal that since last year or so, WSM stock has leapt gigantically. The stock has surged more than 125% during the last 12 months. The company’s reliance upon innovative strategies has prompted investors to invest in the company. Looking at the future, WSM stock is in a good position to continue the current performance in quarters to come.

  • Williams-Sonoma, Inc (WSM) Stock shares went up after strong financial results announced

    Williams-Sonoma, Inc (WSM) Stock shares went up after strong financial results announced

    Williams-Sonoma, Inc (WSM) announced its financial results for the fourth fiscal quarter and fiscal year 2020, ended January 31, 2021, on Wednesday, March 17, 2021, which improved its stock position in the after-market session. WSM gained 12.34% in the extended trading after going down 1.52% early on Wednesday.

    Let’s see what their financial achievements are

    Fourth-quarter highlights

    • Williams-Sonoma generated $2.293 billion of revenue for the fourth quarter compared to $1.844 Billion in the same quarter last year.
    • THE WSM spent $ 563,137 selling, general and administrative expenses in Q4.
    • WSM’s operating income was$402,087in Q4.
    • WSM’s net earnings were $308,995.
    • Earning per share was $4.04 for basic and $3.92 for diluted in Q4.

    Fiscal year highlights

    • Net revenue for full-year 2020 was $6.78 billion
    • WSM had a gross profit of $2.636 billion.
    • It spent $1.725 billion in SG&A expenses in full year.
    • It had a Net income of $680,714.
    • Earnings per share were $8.81 for basic and $8.61 for diluted for the year 2020.
    • The WSM had cash and cash equivalents of $2.4 billion at the end of the year.

     Launch of a new tabletop collection

    On March 16, 2021, WSM launched a new tabletop collection, Gwendolyn, in partnership with Trisha Yearwood.

    The new brand will offer dinnerware and serving pieces that are influenced by hand drawings of wedding cakes by Trisha’s mother. The new Gwendolyn tabletop collection is designed and fabricated in collaboration with Trisha bringing uniqueness to each piece. The new collection will enhance the WSM high-quality product line for the kitchen and home.

    About the WSM

    Williams-Sonoma, Inc. is an American publicly traded consumer retail company that sells kitchen-wares and home furnishings. It is headquartered in San Francisco, California, United States. Chuck Williams was the founder of WSM and it started its business in 1956. Now it is a multi-channel specialty retailer of high-quality products for the home and is one of the United States’ largest e-commerce retailers with some of the best known and most beloved brands in home furnishings. WSM Stock currently operates retail stores in the United States, Canada, Puerto Rico, Australia, and the United Kingdom.