US9699041011 - Common Stock
WSM earnings call for the period ending September 30, 2024.
When building your watch list, focus on stocks with an 80 or higher RS Rating. RH stock just reached the mark, now earning a score of 82.
Shares of kitchenware and home goods retailer Williams-Sonoma (NYSE:WSM) jumped 30.5% in the afternoon session after the company reported impressive third-quarter results. Revenue beat slightly, and gross margin improved relative to the previous year, enabling the company to deliver a solid earnings beat. The rate of growth decline has moderated relative to the previous year as the company observed improved sales trends and market-share gains. Given the improved momentum and optimistic trends, management raised full-year revenue and operating profit guidance. The Board of Directors also approved a new $1 billion stock repurchase program to demonstrate the company's focus on returning value to shareholders. Overall, we think this was a strong quarter.
Shares of kitchenware and home goods retailer Williams-Sonoma (NYSE:WSM) jumped 30.5% in the afternoon session after the company reported impressive third-quarter results. Revenue beat slightly, and gross margin improved relative to the previous year, enabling the company to deliver a solid earnings beat. The rate of growth decline has moderated relative to the previous year as the company observed improved sales trends and market-share gains. Given the improved momentum and optimistic trends, management raised full-year revenue and operating profit guidance. The Board of Directors also approved a new $1 billion stock repurchase program to demonstrate the company's focus on returning value to shareholders. Overall, we think this was a strong quarter.
Williams-Sonoma vaulted 25% on the back of its Q3 beat and lifted guidance. WSM stock is up 68% in 2024 and near record highs.
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Kitchenware and home goods retailer Williams-Sonoma (NYSE:WSM) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell by 2.9% year on year to $1.80 billion. Its non-GAAP profit of $1.96 per share was 10.8% above analysts’ consensus estimates.
Kitchenware and home goods retailer Williams-Sonoma (NYSE:WSM) will be reporting results tomorrow morning. Here’s what to expect.
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The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Williams-Sonoma (NYSE:WSM) and the rest of the home furniture retailer stocks fared in Q2.
Both of these stocks have obliterated the stock market with excellent returns. However, ongoing consumer struggles give a dependable company with stellar growth the edge over a luxury goods retailer.
Both of these stocks have obliterated the stock market with excellent returns. However, ongoing consumer struggles give a dependable company with stellar growth the edge over a luxury goods retailer.