$WSM (Williams-Sonoma Inc.)

$WSM {{ '2016-05-12T12:40:58+0000' | timeago}} • Announcement

Retailer $WSM said it has entered into a partnership with London-based department store, Fortnum & Mason. A curated collection of more than 35 items is now available at 100 $WSM retail locations and at williams-sonoma.com. This exclusive partnership is Fortnum & Mason's first foray into the US with a national retailer.

$WSM {{ '2017-10-05T21:23:12+0000' | timeago}} • Announcement

$WSM announced that Bob Lord has been appointed to its BoD. Lord has served as Chief Digital Officer of IBM since 2016.

$WSM {{ '2017-10-04T14:59:35+0000' | timeago}} • Announcement

$WSM announced plans to pay premiums of $3MM towards Fair Trade Community Development by 2020. The company also announced that it has partnered with Vietnam’s first-ever Fair Trade furniture factory, bringing its total operating Fair Trade factory count to 11 in countries including Nepal, India and Pakistan.

$WSM {{ '2017-08-23T20:52:33+0000' | timeago}} • Announcement

$WSM expects FY17 revenues to be in the range of $5.17Bil to $5.27Bil, with an estimated comparable brand revenue growth of 1-3%. The company is looking for non-GAAP earnings in the range of $3.45 per share to $3.65 per share for the year. Operating margin, on a non-GAAP basis, is forecast between 9.4% and 9.6%.

$WSM {{ '2017-08-23T20:44:13+0000' | timeago}} • Announcement

$WSM has forecast comparable brand revenue growth in the range of 2% to 5% for 3Q17. The sales growth is expected to result in generation of revenues between $1.27Bil and $1.31Bil. The company is looking for third quarter earnings in the range of $0.80 per share to $0.87 per share.

$WSM {{ '2017-08-23T20:36:23+0000' | timeago}} • Announcement

Store operator $WSM said its revenues grew about 4% to $1.2Bil in 2Q17, resulting in a modest gain in net profit. Earnings per share edged up to $0.61 from $0.58 last year. Comparable brand revenues increased 2.8% from the year-ago quarter. The company’s e-commerce revenues were up 5%, and retail revenues higher by 2% compared to last year.

$WSM {{ '2017-07-26T15:41:01+0000' | timeago}} • Announcement

$WSM has named Ryan Ross, an executive with more than 20 years of retail experience, as the new man to lead its Rejuvenation brand. As EVP, Ross will report directly to Laura Alber, President and CEO of the company. Ross succeeds Alex Bellos, who recently became President of the company’s West Elm brand.

$WSM {{ '2017-07-10T14:42:46+0000' | timeago}} • Announcement

PBteen, a member of $WSM portfolio of brands, launched an exclusive home decor partnership with ivivva, the athletic apparel brand created by lululemon and inspired by active girls. The collection is available online with prices ranging from $29.50 to $1,175.

$WSM {{ '2017-06-06T15:01:47+0000' | timeago}} • Announcement

$WSM said Alex Bellos, the head of its Rejuvenation and Mark and Graham brands, is succeeding Jim Brett as President of the West Elm brand. Effective June 5, 2017, Brett is resigning from the company to take a position as CEO of J.Crew.

$WSM {{ '2017-06-01T11:38:49+0000' | timeago}} • Announcement

$WSM elected Grace Puma, Christiana Smith Shi and Frits van Paasschen to its BoDs. The company expressed their thanks to Adrian Dillon, Ted Hall and Lorraine Twohill, who did not stand for reelection upon expiration of their terms.

$WSM {{ '2017-05-24T21:56:32+0000' | timeago}} • Webcast

During 1Q17, $WSM opened four new stores, repositioned one, converted one to Williams Sonoma Home store and permanently closed three stores. For FY17, the company expects to open 24 stores and close 20 stores.

$WSM {{ '2017-05-24T20:39:46+0000' | timeago}} • Announcement

For FY17, $WSM estimates revenue to be $5.165-5.265Bil, non-GAAP diluted EPS to be $3.45-3.65 and capital spending to be $200-220MM. For 2Q17, revenue is targeted to be $1.195-1.230Bil and diluted EPS is expected to be $0.55-0.61.

$WSM {{ '2017-05-24T20:35:57+0000' | timeago}} • Announcement

$WSM reported flat profit in 1Q17 with a slight increase in revenue. Net earnings were $39.6MM or $0.45 per share compared to $39.6MM or $0.44 per share a year ago. Revenue inched up 1.2% to $1.112Bil. Non-GAAP EPS was down at $0.51 from $0.53 in the prior year quarter.

$WSM {{ '2017-03-16T10:47:18+0000' | timeago}} • Announcement

$WSM announced that Jennifer Kellor has been named President of the Pottery Barn Kids and PBteen brands reporting to Laura Alber, company's President and CEO. Jeff Howie has been named EVP, Chief Administrative Officer, of the Pottery Barn Brands.

$WSM {{ '2017-03-16T10:45:55+0000' | timeago}} • Announcement

$WSM said that Sandra Stangl, President of the Pottery Barn Brands, is resigning from the company on March 31, 2017. Marta Benson has been named President of the Pottery Barn brand reporting to Laura Alber, company's President and CEO.

$WSM {{ '2017-03-16T10:40:03+0000' | timeago}} • Announcement

$WSM BoD authorized a 5% increase in its quarterly cash dividend from $0.37 to $0.39 per common share. The dividend is payable on May 26, 2017 to shareholders of record as of the close of business on April 28, 2017.

$WSM {{ '2017-03-15T22:15:03+0000' | timeago}} • Webcast

$WSM said it will make significant investment during 2017 in e-commerce, which is a driver for continued profitable growth. The company also plans to further invest in digital advertising to drive new customer acquisition.

$WSM {{ '2017-03-15T21:41:25+0000' | timeago}} • Webcast

$WSM has announced few leadership change along with its 4Q16 result. Sandra Stangl, President of the Pottery Barn Brands, resigns after 23 years of service. The company has named Marta Benson as President of the Pottery Barn; Jennifer Kellor as President of the Pottery Barn Kids and PBteen brands; Jeff Howie as EVP, CAO, of the Pottery Barn Brands.

$WSM {{ '2017-03-15T20:34:24+0000' | timeago}} • Announcement

For FY17, $WSM expects operating margin of 9.4-9.6% and income tax rate of 36.5-37.5%. The company predicts capital spending of $200-220MM and depreciation and amortization of $185-195MM for 2017. The company expects to open 21 new stores during the full year 2017 and close 16 stores.

$WSM {{ '2017-03-15T20:34:08+0000' | timeago}} • Announcement

$WSM expects 1Q17 revenue of $1.085-1.12Bil, comparable brand revenue of down 1% and up 2%, and EPS of $0.45-0.50. For FY17, $WSM sees revenue of $5.165-5.265Bil, comparable brand revenue growth of 1-3% and EPS of $3.45-3.65.

$WSM {{ '2017-03-15T20:30:16+0000' | timeago}} • Announcement

$WSM reported a rise in 4Q16 earnings driven by lower income taxes and a decline in cost of goods sold. Net income rose to $144.63MM or $1.63 per share from $141.13MM or $1.55 per share last year. Revenue declined to $1.581Bil from $1.586Bil. Non-GAAP EPS for the latest quarter was $1.55. Comparable brand revenue decreased 0.9%.

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