$WSM (Williams-Sonoma Inc.)

$WSM {{ '2016-03-16T20:47:26+0000' | timeago}} • Announcement

Cookware and home furnishings seller $WSM reported a decline in 4Q15 earnings due to higher selling, general and administrative expenses. Net income slid to $141.13MM or $1.55 per share from $147.04MM or $1.57 per share last year. Revenue grew to $1.59Bil from $1.54Bil.

$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%.

$WSM {{ '2017-02-14T14:30:18+0000' | timeago}} • Announcement

$WSM will bring its family of home furnishings brands to South Korea through a franchise agreement with Hyundai Livart Furniture Co. Livart, an affiliate of Hyundai Department Store Group (HDG), is expected to open over 30 stores in South Korea across 4 $WSM brands over the next 10 years.

$WSM {{ '2016-11-18T11:30:36+0000' | timeago}} • Webcast

On a question asked about international markets, $WSM said it grew totally 3.5% to about $83MM in 3Q16. The company owned stores and its own website did well during the quarter, with double digit growth. On profitability, the company added that the loss made on its owned stores has come down by half.

$WSM {{ '2016-11-18T11:03:44+0000' | timeago}} • Webcast

$WSM said it ended 3Q16 with a cash balance of $75MM. The company also plans to continue to invest in the business, support its growth and operational initiatives in the range of $200-220MM. $WSM also added it has approx. $447MM remaining and available for share repurchases which the company intends to repurchase over the next three years.

$WSM {{ '2016-11-18T11:02:00+0000' | timeago}} • Webcast

In Pottery Barn, $WSM saw YoverY improvement in 3Q16 and better results in its remodels in Corte Madera in South Coast Plaza. The company also had three other store refreshes opened in early Nov., including Mission Viejo, Columbus, Ohio and Broomfield, Colorado. $WSM also plans to open stores in select markets like Tennessee and Wichita, Kansas.

$WSM {{ '2016-11-18T10:59:25+0000' | timeago}} • Webcast

$WSM stated that its southeastern distribution center in Georgia is now about 75% full and is shipping approx. 60% of its southeastern volume. The company added that average delivery time to customers in this region have improved three to five days.

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