Friday, November 20, 2015 2:22:13 AM
Nov 19 2015, 16:18 ET | About: Williams-Sonoma Inc. (WSM) | By: Mohit Manghnani, SA News Editor
Williams-Sonoma (NYSE:WSM): Q3 EPS of $0.77 beats by $0.05.
Revenue of $1.23B (+7.9% Y/Y) beats by $10M.
Shares -1.8%.
Press Release
http://seekingalpha.com/news/2942566-williams-sonoma-beats-by-0_05-beats-on-revenue?uprof=45#email_link
Williams-Sonoma, Inc. announces third quarter 2015 results Net revenues grow 7.8% with operating margin of 9.0% Diluted EPS increases 13.2% to $0.77 Reiterates full year guidance
Thu November 19, 2015 4:15 PM|Business Wire | About: WSM
SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE (NYX): WSM) today announced operating results for the third fiscal quarter ended November 1, 2015 (Q3 15) versus the third fiscal quarter ended November 2, 2014 (Q3 14).
3rd QUARTER 2015 RESULTS
Q3 15 net revenues grew 7.8% to $1.232 billion versus $1.143 billion in Q3 14 with comparable brand revenue growth of 4.5%.
Q3 15 operating margin was 9.0% versus 9.2% in Q3 14.
Q3 15 diluted earnings per share (EPS) was $0.77 versus $0.68 in Q3 14.
Cash returned to stockholders totaled $103 million, comprising $71 million in stock repurchases and $32 million in dividends.
Laura Alber, President and Chief Executive Officer, commented, We are pleased with our solid third quarter results, which speak to the power of our brands and our ability to execute our customer-focused strategy. We achieved total net revenue growth of 8%, EPS growth of 13%, and we are reiterating our full year guidance. Looking ahead, while the retail landscape and consumer demand has been more volatile, we believe our balanced portfolio of differentiated brands and strong multi-channel platform positions us for ongoing market share gains. Our focus remains on executing our strategic initiatives to drive long-term sustainable growth for our shareholders.
Net revenues increased to $1.232 billion in Q3 15 from $1.143 billion in Q3 14.
Comparable brand revenue growth in Q3 15 increased 4.5% on top of 8.7% in Q3 14 as shown in the table below:
3rd Quarter Comparable Brand Revenue Growth by Concept*
More...
http://seekingalpha.com/pr/15439026-williams-sonoma-inc-announces-third-quarter-2015-results-net-revenues-grow-7_8-percent-with-operating-margin-of-9_0-percent-diluted-eps-increases-13_2-percent-to-0_77-reiterates-full-year-guidance
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