Williams-Sonoma (WSM)

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Williams-Sonoma beats by $0.05, beats on revenue

Nov 19 2014, 16:17 ET | About: Williams-Sonoma Inc. (WSM) | By: Jignesh Mehta, SA News Editor

Williams-Sonoma (NYSE:WSM): Q3 EPS of $0.68 beats by $0.05.
Revenue of $1.14B (+8.6% Y/Y) beats by $20M.
Shares +6.8% AH.
Press Release

http://seekingalpha.com/news/2137865-williams-sonoma-beats-by-0_05-beats-on-revenue?uprof=45#email_link


Williams-Sonoma, Inc. announces third quarter 2014 results Net revenues grow 8.7%, operating margin expands to 9.2% EPS increases 17.2% to $0.68 Raises financial guidance for fiscal year 2014
Wed November 19, 2014 4:10 PM|Business Wire | About: WSM

SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE:WSM) today announced operating results for the third fiscal quarter ended November 2, 2014 (Q3 14) versus the third fiscal quarter ended November 3, 2013 (Q3 13).

3rd QUARTER 2014 RESULTS

Q3 14 net revenues grew 8.7% to $1.143 billion versus $1.052 billion in Q3 13 with comparable brand revenue growth of 8.7%.

Q3 14 operating margin increased to 9.2% versus 8.8% in Q3 13.

Q3 14 diluted earnings per share (EPS) grew 17.2% to $0.68 from $0.58 in Q3 13.

Cash returned to stockholders totaled $114 million, comprising $83 million in stock repurchases and $31 million in dividends.

Laura Alber, President and Chief Executive Officer, commented, Solid performance across our brands allowed us to deliver these results with revenue growth of 8.7%, operating margin expansion, and earnings per share growth of 17.2%. These achievements reflect our product leadership, lifestyle merchandising, iconic brands and strong execution. We also believe that this third quarter further demonstrates that our multi-channel model, with more than 51% of revenues now coming from the e-commerce channel, represents a distinct competitive advantage. We continue to focus on serving our customers and investing for sustainable long-term growth.

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http://seekingalpha.com/pr/11761775-williams-sonoma-inc-announces-third-quarter-2014-results-net-revenues-grow-8_7-percent-operating-margin-expands-to-9_2-percent-eps-increases-17_2-percent-to-0_68-raises-financial-guidance-for-fiscal-year-2014