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Williams-Sonoma Inc. (WSM)

  • Wed, May 20, 4:23 PM
    • Williams-Sonoma (NYSE:WSM) reports total comparable brand sales were up 4.6% in Q1.
    • Comp growth by brand: Pottery Barn +2.4%, Williams Sonoma +2.7%, Pottery Barn Kids +0.8%, PBteen +3.0%, West Elm +15.3%.
    • E-commerce sales +8.4% to $533M.
    • Operating margin -60 bps to 7.0%.
    • SG&A expense rate -40 bps to 29.8%.
    • Merchandise inventory +10.9% to $943M.
    • Previously: Williams-Sonoma beats by $0.03, beats on revenue
    • WSM +4.6% after hours.
    | Comment!
  • Wed, May 20, 4:11 PM
    • Williams-Sonoma (NYSE:WSM): Q1 EPS of $0.48 beats by $0.03.
    • Revenue of $1.03B (+5.7% Y/Y) beats by $20M.
    • Press Release
    | Comment!
  • Tue, May 19, 5:35 PM
  • Tue, Apr. 14, 9:09 AM
    • The furniture and home furnishing stores category in the March Retail Sales report outperformed most other businesses.
    • Sales rose 1.4% M/M and 3.8% Y/Y during the month.
    • The sector was on watch to see if there was any continued spillover impact from the West Coast slowdown.
    • Furniture/home furnishing stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET, KIRK, WSM.
    • Retail Sales report (.pdf)
    | Comment!
  • Mon, Apr. 13, 12:10 PM
    • The New York attorney general's office is looking into a number of retail chains over the trend of on-call shifts, according to Reuters.
    • The companies are being asked to send information on their policies of last-minute scheduling changes for employee shifts and the costs saved from the disruptive practice.
    • Williams-Sonoma (WSM +1.1%), Urban Outfitters (URBN +0.7%), Burling Coat Factory (BURL +0.8%), L Brands (LB -0.2%), and TJX Companies(TJX +0.1%) are among the retailers in receipt of a letter from the New York AG requesting information.
  • Fri, Apr. 10, 11:55 AM
    • Sales per shopper increased 5.8% Y/Y in March at retail chains, according to data from RetailNext.
    • Average transaction value was up 3.5%, while the number of conversions improved by 0.9%
    • Total sales were off 3.2% on a 8.2% drop in traffic amid a problematic month for weather. The tallies don't include e-commerce.
    • Higher-end store chains such as Lululemon (LULU -0.5%), Tiffany (TIF +0.3%), and Williams-Sonoma (WSM +0.5%) can benefit from the trend toward highly-focused shoppers - while traffic-dependent chains such as Family Dollar (FDO +0.1%), Dollar General (DG +0.6%), and Dollar Tree (DLTR +0.4%) rely on the impulse buys churned up by increased traffic.
  • Tue, Mar. 24, 10:36 AM
    • Williams-Sonoma (WSM +2.3%) trades higher on decent volume.
    • Traders are attributing the move to a callout from Jim Cramer last night on Mad Money.
    • Earnings and guidance from Williams-Sonoma were impacted largely by the West Coast port slowdown - instead of any structural issues, notes the CNBC talking head.
    • Seeking Alpha summary, CNBC video
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  • Wed, Mar. 18, 5:43 PM
    • Top gainers, as of 5:15 p.m.: GES +12.8%. SCVL +9.4%. NQ +8.9%. CANF +8.2%. SBLK +4.5%.
    • Top losers, as of 5:15 p.m.:ANTH -3.4%HTA -3.26%. LYB -3.1%. EMC -3.0%. WSM -2.8%.
  • Wed, Mar. 18, 4:43 PM
    • Williams-Sonoma (NYSE:WSM) declares $0.35/share quarterly dividend, 6.1% increase from prior dividend of $0.33.
    • Forward yield 1.73%
    • Payable May 28; for shareholders of record April 24; ex-div April 22.
    | 1 Comment
  • Wed, Mar. 18, 4:23 PM
    • Williams-Sonoma (NYSE:WSM) grew sales and margins in Q4.
    • Comparable brand revenue growth of 5.1% was realized during the quarter with the West Elm business a notable out-performer.
    • E-commerce revenue +9% to $770 to mark half of the company's total sales.
    • Operating margin +60 bps to 15.4%.
    • WSM -1.8% after hours.
    | Comment!
  • Wed, Mar. 18, 4:17 PM
    • Williams-Sonoma (NYSE:WSM): Q4 EPS of $1.52 in-line.
    • Revenue of $1.54B (+4.8% Y/Y) misses by $30M.
    • Shares -2%.
    • Press Release
    | Comment!
  • Tue, Mar. 17, 5:35 PM
  • Thu, Jan. 8, 8:18 PM
    • Holiday retail sales rose 4.6% vs. expectations for a 3.8% lift, according to a read from ShopperTrak. The growth rate is the highest since 2005 for the period.
    • The rush of positive reports from retailers on holiday sales comes off of some beaten-down expectations, notes Chain Store Age.
    • Concerns on mall traffic, a West Coast port slowdown, and a frenzied level of promotions drove consensus estimates lower before some macroeconomic factors improved and $2 gas entered the scene.
    • A cross-section of retailers that surprised on the upside includes Barnes & Noble, Pier 1 Imports, Walgreens, Urban Outfitters, and Sonic.
    • What to watch: Costco (NASDAQ:COST) put up a 5% comp for December, putting some pressure on Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) to show signs of late-quarter strength. Signs of weakness at dollar stores (DG, DLTR, FDO, FIVE) and electronics chains (HGG, CONN, BBY) are a concern. Retailers seen as on-trend for the holiday season include Foot Locker (NYSE:FL), Lululemon (NASDAQ:LULU), and Williams-Sonoma (NYSE:WSM).
  • Dec. 20, 2014, 10:17 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 3.4% over the last month to outpace the S&P 500 Index as consumer spending trends improve. Analysts have honed in on some categories which show some promise for growth.
    • Drugstores: The transition by the sector into more health/wellness services sets it up for new growth channels. CVS Health (NYSE:CVS) reported strong comparable-store sales despite the full tobacco exit, while Rite Aid (NYSE:RAD) is prepping for a roll-out of RediClinics and HealthSpot kiosks. The visibility on Walgreen (NYSE:WAG) is somewhat clouded by the giant Alliance Boots integration, although it's ahead of rivals on the tech front with its rewards program, pharmacy app and developing online doctor concept.
    • Athleisure: There's some gender initiatives going on in the athletic apparel sector with Under Armour (NYSE:UA) and Nike (NYSE:NKE) growing their women's business and Lululemon (NASDAQ:LULU) expanding on the men's side. All three companies have been closely on-trend with their assortment in a category with explosive demand. Importantly, pricing has held up this holiday season in the U.S., note retail watchers.
    • Online replenishing: Fresh research into shopping trends indicates certain categories see continued buying through the online channel as consumers become attuned to a brand. Retailers positioned well to see more gains from the trend include Williams-Sonoma (NYSE:WSM), Ulta Beauty (NASDAQ:ULTA), Staples (NASDAQ:SPLS), Office Depot (NASDAQ:ODP), Sephora (OTCPK:LVMHF), Dick's Sporting Goods (NYSE:DKS), and of course Amazon (NASDAQ:AMZN).
    • P-E buyouts: There are plenty of candidates in the retail sector for a leveraged buyout similar to the action that helped propel shares of PetSmart (NASDAQ:PETM) +40% from their lows. Keep an eye on Abercrombie & Fitch (NYSE:ANF), Aeropostale (NYSE:ARO), and Ann (NYSE:ANN).
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  • Dec. 19, 2014, 5:04 PM
    • Williams-Sonoma (NYSE:WSM) declares $0.33/share quarterly dividend, in line with previous.
    • Forward yield 1.76%
    • Payable Feb. 24; for shareholders of record Jan. 26; ex-div Jan. 22.
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  • Dec. 18, 2014, 8:37 AM
    • Goldman Sach lifts its rating on Williams-Sonoma (NYSE:WSM) to Conviction Buy List.
    • The investment firm also raises its price target on the specialty retailer to $81.
    | Comment!
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Company Description
Williams-Sonoma Inc is a multi-channel specialty retailer of home furnishings in the United States and Canada.
Sector: Services
Country: United States