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Williams-Sonoma reports strong sales

  • A strong quarter for housing filtered down to help lift results for Williams-Sonoma (WSM -1.2%) during Q2.
  • Brand revenue growth: Pottery Barn +9.9%; Williams-Sonoma -0.4%; Pottery Barn Kids +8.2%; West Elm +16.5%; PBteen +16.3%.
  • Direct to customer sales rose 15.3% to $478M
  • The retailer raised its FY13 revenue guidance to $4.26B-$4.34B vs. $4.28B consensus. (PR)
  • Shares have resumed trading after a short halt.
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