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William Sonoma (WSM) 2Q17 Results: Beats on EPS and Reiterates Guidance

Executive Summary

  • Williams-Sonoma reported 2Q17 EPS of $0.61, up 5.6% from $0.58 in the year-ago quarter and beating the consensus estimate by two cents. Revenues were $1.20 billion, up 3.7% year over year and in line with the consensus estimate.
  • Comps increased by 2.8%, slightly ahead of the 2.7% consensus estimate and up from 0.6% in the year-ago quarter. West Elm comps increased by 10.1%.
  • The company reiterated its 2017 guidance for revenues of $5.17–$5.27 billion and adjusted EPS of $3.45–$3.65.
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