Williams-Sonoma soars after posting strong sales growth

|About: Williams-Sonoma, Inc. (WSM)|By:, SA News Editor

Williams-Sonoma (NYSE:WSM) reports comparable sales increased 5.5% in Q1 to top the consensus mark of 3.9%.

Comparable sales were up 2.7% at Pottery Barn and rose 5.6% for the namesake Williams Sonoma business. West Elm topped both brands by turning a 9% comp.

The company says e-commerce sales were up in the double-digits and now account for 53.7% of all sales.

Gross margin came in at 35.9% of sales. Operating margin was 6.3% vs. 6.1% a year ago.

Looking ahead, Williams-Sonoma sees FY19 revenue of $5.495B to $5.655B vs. $5.57B consensus and $5.48B to $5.64B prior. The retailer sees FY 19 EPS of $4.15 to $4.25 vs. $4.12 to $4.22 prior and vs. $4.18 consensus.

WSM +13.87% AH to $56.00 after rising 3.97% during the normal trading session.

Previously: Williams-Sonoma beats by $0.09, beats on revenue (May 23)

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