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Williams-Sonoma gains after earnings

May 25, 2017 10:02 AM ETWilliams-Sonoma, Inc. (WSM) StockWSMBy: Clark Schultz, SA News Editor
  • Williams-Sonoma (WSM +2.9%) rallies after unexpectedly reporting positive comparable sales in Q1 (+0.1% vs. -0.4% consensus).
  • Sales improved at both the namesake Williams Sonoma chain and West Elm.
  • Gross margin fell 20 bps to 35.6% of sales during the quarter.
  • Shares of WSM raced higher in the AH session yesterday, but have pulled back after some cautious comments from analysts. The general theme from Wall Street is that Williams-Sonoma is likely to continue to see margin pressure in a highly competitive marketplace.

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