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Company Earnings Update

Williams-Sonoma (NYSE: WSM) 2Q19 Results: Sales Beats Consensus; Raises 2019 Guidance and Reiterates Long-term Financial Targets

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Coresight Research

Key Points

  • Williams-Sonoma reported fiscal 2Q19 revenues of $1.37 billion, up 7.5% year over year, beating the StreetAccount estimate. Adjusted earnings per share (EPS) were $0.87, up 13.0% from the year-ago period and ahead of the consensus estimate of $0.83. 
  • Comparable sales accelerated 6.5% versus the consensus estimate of a 3.3% increase, and up from the year-ago period of a 4.6% increase. 
  • For the full fiscal year, the company raised its revenue guidance to $5.74-5.90 billion and EPS to $4.60-4.80, from $5.67-5.84 billion and $4.55-4.75, respectively. The company reiterated its long-term financial targets of net revenue growth of mid to high single digits. 

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