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Investing.com -- Williams-Sonoma Inc posted stronger-than-expected fourth-quarter earnings. But shares of the home furnishings retailer were trading down 7% before the opening bell.
The company reported Q4 earnings per share of $3.28, beating analysts’ consensus estimate of $2.91 by $0.37.
Revenue for the quarter came in at $2.46 billion, exceeding the $2.35 billion forecast.
"We exceeded profitability estimates with an operating margin of 21.5% and earnings per share of $3.28. This success was fueled by the strength of our operating model, our standout seasonal offerings, our impactful collaborations, and a strong improvement in both retail and online furniture sales," said CEO Laura Alber.
For the full year, Williams-Sonoma (NYSE:WSM) reported a 1.6% decline in comparable sales and a record annual operating margin of 17.9%, with per share profit of $8.50.
"We are confident in our strategies and competitive positioning. Despite an uncertain backdrop, we have been, and will continue to be, focused on returning to growth, enhancing our world-class customer service, and driving earnings," Alber added.
The company noted that an additional week in Q4 2024 contributed approximately 510 basis points to revenue growth and 60 basis points to operating margin.